GRC International Group PLC announced that its IT Governance business hassigned a three-year contract with aSouth Asianfinancial institution to help the organisation with its SWIFT compliance. This followsIT Governance recently being approved to join the SWIFT CSP (Cyber Security Providers) directory. IT Governance will initially identify and report on gaps in the financial institution's SWIFT compliance and existing cyber security controls.

It will then work with the organisation on remediation activities, recommending minimum security controls and reassessing its SWIFT compliance framework. SWIFT is a global member-owned cooperative and the world's leading provider of secure financial messaging services. It carries over five billion financial messages a year.

The CSP directory was developed by SWIFT for international businesses looking to assess counter parties' levels of cyber compliance and implementation of the CSP mandatory and advisory controls. IT Governance was officially approved to join the Swift CSP directory in October 2022 having met the exacting criteria with its focus oncyber security services.