SWIFT CEO Gottfried Leibbrandt announced SWIFT’s five-part Customer Security Programme, to reinforce the security of the shared, global financial system, during his keynote address at the 14th annual European Financial Services Conference in Brussels today.
The five part-plan includes initiatives to:
Improve information sharing among the global financial community;
Harden security requirements for customer-managed software to better protect their local environments, enhance our guidelines and develop security audit frameworks for customers;
Support banks’ increased use of payment pattern controls to identify suspicious behavior; and
Introduce certification requirements for third party providers.
The text of the speech is available in full on the SWIFT website.