SWIFT is the International Financial and Interbank Telecommunication Association, established in 1973 with 239 banks from 15 countries participating. Currently, SWIFT has linked more than 9,000 financial institutions across 209 countries and territories.
Any organization that participates in SWIFT must comply with an Information Security Controls framework issued by SWIFT (SWIFT Customer Security Controls Framework).
Increase the trust of existing customers and encourage new customers
Enhance the reputation of the unit in the security of card data
Protect the system from known attack threats
Minimize card data breaches
Strengthening information security in the organization