Challenges

  • Changes to the SWIFT Customer Security Programme (CSP) required Fonterra to submit an independent assessment of their attestation, with the option of self-attestation no longer viable
  • Fonterra needed to ensure the right teams were aware of the full scope of the project and understood why SWIFT had mandated the new requirements, in order to complete the. attestation ahead of the December 2021 deadline

Solution

SWIFT Customer Security Programme

  • Bottomline’s independent, SWIFT certified Cyber Security partner first carried out a pre-attestation to evaluate Fonterra’s current infrastructure
  • The full attestation was completed well ahead of the deadline, ensuring Fonterra had complied with the new mandatory assessment methodology

Results

Fonterra met all mandatory and advisory controls of the 2021 CSP

The scope of work has built a strong foundation to ensure Fonterra are meeting all SWIFT controls moving forward and respond well to all future counterparty / SWIFT queries

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