This question addresses the type of control effectiveness that must be validated during an independent assessment under the Swift Customer Security Programme (CSP). Let’s analyze this based on theSwift Customer Security Controls Framework (CSCF)and related guidelines.
Step 1: Understand Independent Assessments in Swift CSP
The Swift CSP mandates that users undergo an independent assessment to validate their compliance with the CSCF controls. This requirement is detailed in theCSCF v2024, under theIndependent Assessment Framework. The purpose of the assessment is to ensure that controls are not only designed appropriately but also implemented and operating effectively.
Step 2: Evaluate Each Option
A. Effectiveness is never validated only the control designThis statement is incorrect. TheIndependent Assessment Frameworkexplicitly requiresvalidation of both the design and theoperational effectivenessof controls. Assessing only the design without confirming that the control is working as intended does not meet Swift’s compliance requirements.Conclusion: This is incorrect.
B. An independent assessment is a point in time review with possible reviews of older evidence as appropriateWhile this statement is factually true (an independent assessment is indeed a point-in-time review, as per theCSCF v2024), it does not directly answer the question about what type of control effectiveness needs to be validated. It describes the nature of the assessment, not the focus of validation.Conclusion: This does not address the question directly.
C. Operational effectiveness needs to be validatedTheIndependent Assessment Frameworkspecifies that an independent assessment must validate both the design and the operational effectiveness of CSCF controls. Operational effectiveness ensures that controls are functioning as intended over a period of time, not just designed correctly on paper. This includes testing controls (e.g., logging, access controls) to confirm they are working in practice, as required for attestation.Conclusion: This is correct.
D. None of the aboveSince option C is correct, this option is not applicable.Conclusion: This is incorrect.
Step 3: Conclusion and Verification
The correct answer isC, as theCSCF v2024andIndependent Assessment Frameworkrequire validation of the operational effectiveness of controls during an independent assessment, ensuring that controls are not only designed but also implemented and functioning effectively.
References
Swift Customer Security Controls Framework (CSCF) v2024, Section: Independent Assessment Requirements.
Swift Independent Assessment Framework, Section: Assessment Scope and Objectives.
Swift CSP FAQ, Section: Independent Assessment Guidelines.
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