Payments Innovation Alliance Releases Business Email Compromise Response Action Plan
31 Julio 2024 - 10:00AM
Business Wire
Nacha's Payments Innovation Alliance, a membership program
bringing together diverse global stakeholders seeking to transform
the payments industry, has published its Business Email Compromise
Response Action Plan. This free publication not only offers
guidance to companies that are victims of business email compromise
(BEC) but also provides steps organizations can take to actively
mitigate the potential for being a victim.
BEC scams occur when criminals send a fraudulent email message
that appears to come from a known source making a legitimate
request, such as a known company vendor appearing to send an
invoice with an updated payment address or payment account
information. These scams have resulted in substantial financial and
reputational harm to corporate victims, with billions of dollars in
losses.
“Business email compromise is on the rise, and information that
is shared publicly about contracts and business relationships makes
organizations vulnerable,” said Matt Luzadder, Managing Partner,
Chicago Office, Kelley Drye & Warren LLP, and co-leader of the
Alliance’s Cybersecurity & Payments AI Project Team. “The
Response Action Plan details what to do if your company is impacted
and practical steps to take to prevent business email compromise
from occurring.”
The Payments Innovation Alliance’s Cybersecurity & Payments
AI Project Team develops tools and resources to help organizations
understand evolving threats related to potential cyberattacks and
learn about the potential impact of artificial intelligence on the
world of payments. To download the Plan, learn more about
initiatives or join the Payments Innovation Alliance, visit
https://www.nacha.org/cybersecurity-response-project-team.
Organizations interested in joining the Alliance should visit
http://www.nacha.org/content/alliance-membership-features.
About Nacha
Nacha governs the thriving ACH Network, the payment system that
drives safe, smart, and fast Direct Deposits and Direct Payments
with the capability to reach all U.S. bank and credit union
accounts. There were 31.5 billion ACH Network payments made in
2023, valued at $80.1 trillion. Through problem-solving and
consensus-building among diverse payment industry stakeholders,
Nacha advances innovation and interoperability in the payments
system. Nacha develops rules and standards, provides industry
solutions, and delivers education, accreditation, and advisory
services.
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Betsy Jaffe Nacha 571-265-8590 media@nacha.org