Tag: Risk Management
Implementation Dates:
In recent blog posts, Nacha has shared updates about our First-Party Fraud workgroup and suggested actions that ACH Network participants can take to help identify and mitigate firs
SAN DIEGO—Fighting first-party fraud can be a catch-22.
SAN DIEGO—Cybercriminals are leveraging artificial intelligence, and experts warn it’s only the beginning.
Business email compromise attempts soared last year, with nearly three-quarters of organizations reporting incidents, a new survey found.
SAN DIEGO—If you think today’s fraudster is some dude in black sunglasses sitting in front of a bright monitor in a dark basement, you’re mistaken.
SAN DIEGO—Like his counterparts at state treasuries nationwide, Brant Gibson knows this to be true: “Everybody wants to target government funds, because government transactions are usually high-dollar transactions.”
SAN DIEGO—It’s already been a busy year for Nacha and the ACH Network, but with more than half still to come this is no time to unbuckle your seat belt.
If misery truly loves company that’s almost certainly a given when it comes to fraud. If your organization has been victimized, odds are you’re not alone. And while sharing that information to help others is crucial, it’s also not that easy.
Nacha’s Risk Management Advisory Group (RMAG), Rules and Operations Committee, and the First-Party Fraud Workgroup are looking at ways to better identify and mitigate first-party fraud. The first steps are education and raising awareness of the problem.
The new Nacha Risk Management Rules have started going into effect, reinforcing the importance of strong, risk-based processes to safeguard the ACH Network.
It’s hard to stop, take a breather, and congratulate yourself in the world of risk management. Fraud is always changing, and when we work hard to close a gap, another opens.