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First, let’s consider: why the sudden increase? 

The Nacha Risk Management Portal is a tool for financial institutions to help mitigate fraud and other risks.

Brian Krebs worked as a reporter for The Washington Post from 1995 to 2009, authoring more than 1,300 blog posts for the Security Fix blog, as well as hundreds of stories for washingtonpost.com and The Washington Post newspaper, including eight front-page stories in the dead-tree edition and a Post Magazine cover piece on botnet operators. In 2014, he was profiled in The New York Times, Business Week, NPR’s Terry Gross, and by Poynter.org. More recently, he was invited to an “Ask Me Anything” discussion on Reddit about investigative reporting.

Financial institutions engaged in retail payment systems should establish an appropriate risk management process that identifies, measures, monitors, and limits risks.

The FDIC is issuing the attached guidance that describes potential risks associated with relationships with entities that process payments for telemarketers and other merchant clients. These types of relationships pose a higher risk and require additional due diligence and close monitoring. This guidance outlines risk management principles for this type of higher-risk activity.