NACHA announced that it is supportive of the work of the Merchant and Financial Services Cybersecurity Partnership. The Partnership, launched earlier this year, will facilitate collaboration amongst payments stakeholders in an effort to improve security across the payments system and better protect customers from cyber threats.
NACHA announces the formation of a Board Advisory Group, creating a more formal mechanism for non-financial institution providers and users of the ACH Network to directly communicate with the NACHA Board of Directors.
In September, FS-ISAC and the Payments Risk Council are conducting a two-day, table-top exercise to simulate an attack on payment processes. This annual exercise will help you assess your financial institution’s readiness in the event of a cyber-attack.