Skip to main content
Header logo

The global provider
of secure financial messaging services

Tackling the cybersecurity challenge at Sibos

Tackling the cybersecurity challenge at Sibos

11 October 2018

Sibos brings financial leaders together to network, collaborate and find solutions to industry challenges. You will hear from leading experts in security and cyber issues and leave with key takeaways to help take your defences to the next level.

As attacks on core payment systems have become increasingly sophisticated, stealthy and sustained, financial industry players need to cultivate stronger defences than ever before. The threat of attack represents a clear and present danger to our financial eco-system - and needs to be taken seriously. 

The message is simple: don’t be the weakest link and allow the criminals into your organisation.

At Sibos, we will be tackling the cybersecurity issue head on, with a dedicated stream of sessions. The big issue debate will address some difficult questions - such as is a ‘cyber 9/11’ inevitable? - and if so, what we can do to prevent it as a community? Other sessions include how smaller organisations can enhance cyber resilience, and the risk of cyber attacks in the securities market. 

CSP at Sibos
Sibos 2018
2 min view

Tackling the cybersecurity challenge at Sibos

The latest news, views and emerging issues

Sibos brings financial leaders together to network, collaborate and find solutions to industry challenges. You will hear from leading experts in security and cyber issues and leave with key takeaways to help take your defences to the next level. 

This year’s Sibos agenda is packed with engaging sessions and content, covering key industry themes, the latest on SWIFT’s Customer Security Programme (CSP) and an introduction to our new fraud prevention tool, SWIFT Payment Controls.

Put cybersecurity at the top of your Sibos agenda.

Must-see security sessions

What When Where

Customer Security Programme – Current Progress and Future Roadmap

SWIFT’s Customer Security Programme (CSP) aims to reinforce the security of the global banking system by helping customers reinforce the security of their SWIFT-related infrastructure against cyber-attacks. Considerable progress has been made since its launch in May 2016, but much work remains. This session outline past milestones and describes the CSP roadmap, including  change management of the formal controls, attestation of compliance via the KYC-SA tool, regulatory reporting, counterparty consultation of attested data, SWIFT ISAC portal, STIX/TAXII feeds, third party access, DVR, inflight Payments Control Service and Release R7.3.

Monday, 16.15-17.00 SWIFT Hub - Conference room 1

Payment Controls

Learn how our new anti-fraud solution, launched as part of the Customer Security Programme, can help you augment your security strategy and provide an in-network defence against cyber threats. SWIFT Payment Controls puts you in control of your payments policy to manage your risk and identify uncharacteristic payments that could represent a threat. It helps protect payment operations and allows validation of payment messages against SWIFT’s record. Join us to hear how SWIFT Payment Controls can help you to address fraud risks, enforce payment policies and improve the security of your payments.

Tuesday, 16.15-16.45 SWIFT Hub - SWIFT Lab theatre

Cyberattacks in the securities market? Hold on, I thought it was just a payments problem …

We know that the cyber criminals are hungry, smart and coordinated. We have seen the level of sophistication and the impact of cyberattacks rising, and the risk is that the securities market may be next. It’s high concentration of high value assets, its complexity with many entry points and its reliance on centralised critical functions make the custody and securities value chain particularly susceptible to disruption / ransom, asset theft, information theft and/or market manipulation. This session highlights the major findings from the ISSA Cyber Working Group which identified the major cyber security risk for the securities market.

Tuesday, 16.30-16.45 SWIFT Hub - Conference room 1

Can we ever counter the weakest link in cybersecurity – the people?

Arguably the biggest cyber-security risk simply ‘people’. From insider threats to acute skills shortage, poor diversity, patchy representation at Board-level and all the while the internal staff are still clicking on the damn phishing link. Are the solutions to cyber-security closer to home, and in our own hands? Is it all just over-blown hype that can be managed just like any other risk with a bit of education and discipline, or will people always be the biggest intangible and the cause of the biggest headaches?

Wednesday, 09.45-10.45 SWIFT Hub - Conference room 1