Skip to content

Staying Compliant with Swift Customer Security Control Framework 2022

2 min read


In light of the increased number of cyberattacks on financial institutions utilising the SWIFT network, the financial messaging service provider launched the Customer Security Control Framework (CSCF), part of the Customer Security Programme (CSP).

This initiative aims to ensure that preventative defences against cyberattacks are updated and effective, mandating that banks attest their level of compliance on a regular basis.


Further, over time, this programme introduced changes to controls and adapted the framework to evolve alongside the cyber threat landscape, with the intention of progressively improving the overall growth of the control environment. In line with this, some elements have shifted from being advisory to mandatory. 

For instance, to reduce attack surface and vulnerabilities, transaction business controls are set to become mandatory in 2022. However, many banks may not have plans in place or the tools inhouse to ensure compliance with this requirement – in time with the attestation deadline in December of next year.

Banks must take a proactive approach, instead of a reactive one. Therefore, artificial intelligence and more specifically, machine learning, to detect and prevent fraud is crucial. By deploying these technologies as a direct response to increasingly sophisticated cybercrime, millions of data points can be analysed in seconds and unique fraudulent behaviours, detected.

Sign up for this Finextra webinar, in association with Eastnets, to join the panel of industry experts as they discuss the following areas:

  • What financial institutions need to know about the 2022 changes to the SWIFT CSCF
  • How to secure environments, limit access and respond to detected attacks
  • Facilitating secure communication with external messaging interfaces
  • Mitigating payments fraud with transaction business control compliance attestation


  • Gary Wright - Head of Research, Finextra [Moderator]
  • Saeed Patel - Group Product Development Management Director, Eastnets
  • Leif Simon - Director, Product Management, Industry Engagement & Surveillance Solutions, Cash Management, Deutsche Bank
  • Ivi Soomägi - Solution Delivery Responsible, SWIFT CSP / CSCF Coordinator, SEB Group

Featured expert

Image of Dalia Masad

Dalia Masad

Insights from Dalia Masad

Subscribe to our newsletter