SWIFT Customer Security Programme Controls | KPMG | BM
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SWIFT Customer Security Programme Controls

SWIFT Customer Security Programme Controls

SWIFT recently announced that all banks and corporate clients need to comply with the new cyber security standards. Companies have until the end of 2017 to be compliant. By 2018 all companies using SWIFT need to be compliant.


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How can KPMG Help?

KPMG can assist its clients to comply with the SWIFT security requirements through providing them with a wide range of services. 

Our services cover 1) review and report the clients’ current controls in place for SWIFT security requirements, and 2) design and implement new frameworks and controls in order to assist clients in achieving the desired control state.

The SWIFT security assessment services offered by KPMG are:

  • Attestation of the 16 mandatory and 11 optional SWIFT controls on behalf of clients;
  • Gap assessment of clients’ current state and development of a target state roadmap;
  • Review clients’ Cyber Security framework and
    propose additional improvements;

  • Assess the current IT controls in place in
    accordance with SWIFT security requirements;
  • Develop and implement an Information Sharing

  • Establish Enhanced Transaction Pattern detection
    & Data Analytics;

  • Selection and implementation of SWIFT and third
    party security tools; and

  • Penetration testing of all related SWIFT
    applications and interfaces (grey-box).

KPMG has been involved in many client engagements within the financial industry and corporates. We performed many security reviews, security assessments, IT audits, penetration tests and ethical hacking engagements (red-teaming) on Swift implementations and related back-office systems. Credentials are available at request.

KPMG would welcome the opportunity to further explain its services suite.

© 2018 KPMG, a group of Bermuda limited liability companies which are member firms of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

KPMG International Cooperative (“KPMG International”) is a Swiss entity.  Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.


The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.

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