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Following a series of cyberattacks, Swift’s Customer Security Program (CSP) was developed to establish cybersecurity standards for the financial services industry. In 2022, Swift released a new version of security controls (CSCF) for users to uphold strong cybersecurity practices among all users, lower the threat of cyber-attacks, and mitigate the financial consequences of fraudulent transactions. For this year, Swift CSP 2023 continues with the 23 mandatory controls and nine advisory controls to set a realistic goal for short-term, tangible security gains and risk reduction.