SWIFT publishes guide cybersecurity counterparty risk guide
(WorldNews Belgium)

SWIFT today publishes a new guide to assist financial institutions in assessing levels of cybersecurity risk in their counterparties and incorporating this into their risk management frameworks. The publication comes as 94% of all SWIFT customers, representing 99% of SWIFT`s traffic, met the 31 December deadline to submit their self-attestations against SWIFT`s Customer Security Controls Framework and sets out guidance for customers looking to consume their counterparty`s attestation data. In addition to encouraging users to protect their own environments, a major focus of SWIFT`s Customer Security Programme is helping companies to assess the risks posed by counterparties and take...