The Federal Reserve’s FedNow® service is poised to redefine the payments industry with its promise of speed and reliability. However, as the velocity of transactions intensifies, so does the threat landscape – or does it? This webinar underscores the emerging risks and vulnerabilities inherent with instant payment systems like FedNow®. We will unpack a toolkit of best practices and preemptive measures that institutions can use to fortify their defenses against cyber threats and fraudulent activities.
What You’ll Learn
- Overview of FedNow® and its transformation of the payments industry
- Changing fraud landscape in the era of instant payments
- Key vulnerabilities with real-time/instant transaction systems
- Effective strategies to detect, deter, and deflect cyber threats
- Best practices for ensuring robust security protocols in a FedNow® environment
- Understanding the regulatory and compliance implications of adopting FedNow®
Who Should Attend
This webinar is a must-attend for professionals in financial institutions aiming to integrate or already using the FedNow® service. Particularly beneficial for: Risk Management Specialists, Cybersecurity Officers, Operations Managers, Digital Strategy Professionals, Risk Management Departments, Compliance Officers, IT Departments, Innovation and Product Development Teams, and Training and Development Departments.