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SWIFT’s Customer Security Programme A Good Initiative?

SWIFT has recently launched a new initiative aimed at detecting whether users of the SWIFT network are compliant with basic security controls. On paper, this looks like a sound initiative but is it a good idea in practice? François Masquelier looks at how this will affect corporates.

Key Points

  • Road to the Customer Security Programme
  • Growing cyberattacks and increasing IT risks
  • Security requires a three-tiered approach
  • What should corporates do in order to be compliant?
  • Time to get ready, if you have not yet started…

 

Written by

François Masquelier
Head of Corporate Finance and Treasury, RTL Group, and Honorary Chairman of the European Association of Corporate Treasurers
RTL Group

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