The SWIFT approach to payments security

by Tiffany Taylor and Srinivas Pachigolla, Alacriti

Ensuring the security of Alacriti’s payments environment is an ongoing process. It demands collaboration and cooperation across the entire organization. Our role in facilitating electronic bill payments means we are subject to the strenuous requirements set forth by HIPAA, HiTech, and PCI DSS compliance. As more threats and bad actors emerge, we too must evolve to provide a safe electronic solution that our clients and end-users can trust.

Our security discipline also demands that we stay aware of and communicate other security approaches to our community. Another development within the last couple of years is SWIFT’s Customer Security Programme (CSP). It is another way to help protect the health of the financial system and the counterparties within it.

Here’s an introduction to SWIFT, its CSP, and information on its Customer Security Controls Framework, which lays the foundation of the program.

 

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