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SWIFT CSCF (Customer Security Compliance Framework)
What is SWIFT CSCF regulatory compliance?
SWIFT CSCF (Customer Security Compliance Framework) essentially requires users to secure systems through implementing granular level access control in an IT environment. It mandates a host of proactive security measures that seek to ‘Know and Limit Access’ ‘Secure (your) Environment’ and ‘Detect and Respond’ to thwart data breach threats.
Where is SWIFT compliance applicable?
SWIFT CSCF compliance is applicable to banks, security dealers, trading houses, asset management companies, clearing houses, corporate business houses, depositories, and foreign exchanges. it mandates an eight-point action plan to ensure a secure SWIFT infrastructure environment that includes restricting internet access, protecting critical systems from general it environments, reducing attack surfaces and vulnerabilities, preventing compromise of credentials, managing identities and segregating privileges, detecting anomalous activity around the SWIFT system transaction records, and planning for incident response.
Download SWIFT (CSCF) Document
How can ARCON | Privileged Access Management help?
The ARCON | Privileged Access Management solution