CovertSwarm Achieves Prestigious CBEST Accreditation, Cementing Industry Leadership in Financial Cybersecurity

CovertSwarm, the leading provider of constant cyber attack via subscription testing services, today announced that it has achieved CBEST accreditation, the highest level of certification for intelligence-led cyber resilience testing in the financial sector. This milestone underscores CovertSwarm’s industry leadership and the outstanding caliber of its offering, solidifying its reputation as an elite partner in offensive security.

CBEST – run by the Bank of England in collaboration with industry body CREST – is a specialized framework that simulates sophisticated cyberattacks against critical financial institutions under controlled conditions. It is widely regarded as one of the most rigorous cybersecurity testing standards in the world, requiring real-time threat intelligence and advanced red teaming expertise to execute. By attaining CBEST accreditation, CovertSwarm joins an exclusive group of trusted providers authorized to carry out these high-stakes, intelligence-led exercises for the financial sector, helping banks and insurers assess and strengthen their resilience against the most advanced threats.

For CovertSwarm, achieving CBEST status is a natural progression following its earlier CREST STAR-FS accreditation, and it reflects the company’s relentless dedication to meeting the highest standards of offensive security. To secure this accreditation, CovertSwarm underwent a comprehensive evaluation of its methodologies, technical capabilities, and security processes – a rigorous assessment that few organizations successfully complete. The result validates that CovertSwarm’s offensive security capability not only challenges adversaries effectively but also meets the stringent requirements set by financial regulators for thoroughness and safety.

“CBEST represents the pinnacle of regulatory security testing in our industry,” said James Dale, Head of Adversary and Regulatory Testing at CovertSwarm. “Securing this accreditation demonstrates our unwavering commitment to excellence and the exceptional skill of our adversarial team. It assures our financial services clients that when we simulate an attack, it’s as realistic and sophisticated as the threats they face in the real world. We’re proud to deliver this level of rigor to help our clients fortify their defenses.”

“Only a handful of firms worldwide have met the rigorous standards of CBEST accreditation, and CovertSwarm is proud to be among them,” said Anders Reeves, CEO and Founder of CovertSwarm. “This achievement is a testament to our team’s talent and our relentless drive to challenge the status quo in cybersecurity. It cements the value of our vision to fundamentally challenge the offensive security industry. By attaining the industry’s most respected accreditation, we’re reaffirming that CovertSwarm delivers an unparalleled level of protection and proactive security assurance for our clients.”

CovertSwarm’s newly gained CBEST accreditation further solidifies its position at the forefront of the cybersecurity industry. The company continues to lead and fundamentally challenge the offensive security industry by providing clients its pioneering Constant Cyber Attack subscription service.

To learn more or discuss how CovertSwarm’s CBEST-accredited services can enhance your organization’s offensive security posture, get in touch.