HERNDON, Va.--(BUSINESS WIRE)--Oct 12, 2023--
Today, Nacha's Payments Innovation Alliance, a membership program bringing together diverse global stakeholders to transform the payments industry by cooperatively developing solutions, staying ahead of trends and unlocking the potential of the payments ecosystem, released a new tabletop exercise to help small to medium-sized businesses prepare for a cyberattack. The exercise is being offered as part of the Alliance’s Cybersecurity Awareness Month activities.
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Payments Innovation Alliance releases new cybersecurity tabletop exercise for small to medium-sized businesses. (Graphic: Business Wire)
Developed by the Alliance’s Cybersecurity Response Project Team, the objectives of the tabletop exercise are to increase organizational preparedness, response, and recovery efforts related to cyberattacks; advance the understanding of management and key internal and external stakeholders; provide actionable approaches for leadership to direct and bolster the organization’s resilience and identify enhancements requiring attention from company leadership. The exercise also establishes a framework for compliance by fostering an understanding of the laws, regulations and rules that apply, making it easier for participating companies to implement programs that can address their obligations.
“One of the first possible steps for a business to address cybersecurity resilience is to conduct a role-playing activity in which participants respond to scenarios presented in a way that educates the participants on how to respond to a cyberattack and informs the company on areas where its cybersecurity response plan can be enhanced,” said Jennifer West, AAP, APRP, Nacha’s Senior Director, Payments Innovation Alliance, Education & Accreditation. “A scenario can be used to gauge an organization's readiness, uncover opportunities for remediating issues and create an action plan while there is not a real, immediate cybersecurity threat. The Alliance developed this free tabletop exercise kit so medium and small-sized businesses can adequately prepare for the growing likelihood of a cyberattack.”
The kit includes the Tabletop Exercise Leader’s Guide for facilitators, which covers planning, conducting and evaluating the exercise and responses and provides a framework that can be adaptable to a variety of cybersecurity threats. It also includes a Cybersecurity Scenario, containing a set of facts for the exercise, which can be customized by the company as appropriate, a Discussion Points Workbook for facilitators and a Participant Workbook for capturing notes during the exercise.
This resource can be downloaded from nacha.org/cybersecurity-response-project-team. While the first scenario addresses ransomware, additional scenarios and workbooks will be released in the coming months. To join the Alliance and participate in its Cybersecurity Response Project Team, visit nacha.org/payments-innovation-alliance.
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 30 billion ACH Network payments made in 2022, valued at close to $77 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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CONTACT: Betsy Jaffe
Nacha
571-265-8590
media@nacha.org
KEYWORD: UNITED STATES NORTH AMERICA VIRGINIA
INDUSTRY KEYWORD: SOFTWARE PAYMENTS FINANCE BANKING SMALL BUSINESS PROFESSIONAL SERVICES TECHNOLOGY SECURITY
SOURCE: Nacha
Copyright Business Wire 2023.
PUB: 10/12/2023 02:00 PM/DISC: 10/12/2023 02:02 PM
http://www.businesswire.com/news/home/20231012063069/en
