Nacha News

Nacha creates broadly adopted payment and financial messaging rules and standards through consensus-led governance, international collaboration, and innovative development practices. We continually advance the ubiquitous ACH Network and engage diverse stakeholders to accelerate a digital future of global financial services interoperability.

FS-ISAC Issues New Paper Outlining Best Practices and Recommendations for Risk Mitigation

Nacha recently joined efforts with FS-ISAC to publish a paper titled Security of Payment Network Access Points: Risk Mitigation Recommendations Related to Recent Payment Account Takeover Attacks Against Banks Leveraging the SWIFT Network. The paper notes that while the recent attacks were large and sophisticated, they combined known attack tactics to steal bank employee credentials and compromise accounts. Existing risk management guidance and sound best practices are reiterated in the risk management recommendations.

Download the paper here. For more information and guidance on account takeover, visit Nacha's Corporate Account Takeover Resource Center.