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The payment industry must remain vigilant and incorporate practices that enhance the capability to migrate and manage dynamic fraud and cyber threats. The scale and sophistication of cyber threats – along with the proliferation in points of vulnerability – make protecting payment systems and transactions a key priority for central banks, financial institutions, payment network operators, merchants, technology solution providers and regulators around the world. To help your organization address fraud risk, the task force compiled a list of data sources that highlights intelligence reports, payments fraud trends, best practices and/or benchmarks, and additional resources.
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On a Mission
Protecting the security and integrity of the U.S. payment system is a top priority and responsibility for all payments industry stakeholders. Through unprecedented industry collaboration, the Secure Payments Task Force provided a forum for stakeholders to advise the Federal Reserve in its leader/catalyst and operator roles on payment security matters, and helped to identify and promote actions that can be taken by payment system participants collectively or by the Federal Reserve System.
Though the task force has concluded, you can continue to advance payment security efforts in a variety of ways as a payment system stakeholder.
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