What would your financial institution do in the event of a cyber attack on your online banking environment? Over a two-day period in the fall of 2013, the Financial Services Information Sharing and Analysis Center (FS‐ISAC), in conjunction with the Payments Risk Council (PRC), conducted a simulated attack on payment processes to help organizations assess their company’s readiness in the event of such an attack or event. A similar exercise was conducted in 2012 that helped the industry identify ways to prevent, detect and respond to cyber attacks against payment processes. In a time when account takeovers, breaches at technology companies, denial of service attacks and other cyber‐crimes are affecting the industry, it is imperative that your company knows how to react if it happens to you.
Posted on: Mon, 02 Dec 2013 17:02:56 +0000
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