From: PYMNTS.com
Recent cyberattacks and breaches raise an important question for U.S. companies and FIs: How to prepare for the inevitable next one? In this month’s PYMNTS Faster Payments Tracker™, powered by NACHA, Bill Nelson, CEO of the Financial Services Information Sharing and Analysis Center (FS-ISAC), discusses the organization’s efforts to keep companies’ payment operations secure and how it helps IT professionals prepare to respond to cyberattacks, in real-time, through simulated drills. Plus, the latest news from around the space, inside the Tracker.
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Since 2010, FS-ISAC has also invited members to participate in the organization’s Cyberattack Against Payment Systems (CAPS) exercises. During a CAPS exercise, IT professionals take part in an immersive exercise that simulates an attack on an organization’s payment operation.
In a recent CAPS exercise, a group of IT professionals from several different banks and FIs participated in a simulation that took place at IBM Security’s Cyber Range in Cambridge, Mass., that was featured on NBC’s Today Show. During the simulation, participants reacted to different types of hacks, including leaked CEO emails, compromised financial and health records and infrastructure attacks that left some employees stuck in elevators.
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