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

The Federal Financial Institutions Examination Council (FFIEC) members are taking a number of initiatives to raise the awareness of financial institutions and their critical third-party service providers with respect to cybersecurity risks and the need to identify, assess, and mitigate these risks in light of the increasing volume and sophistication of cyber threats.

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. 

Third parties can help financial institutions attain strategic objectives, access expertise, or improve efficiency for a particular activity. The use of third parties does not diminish the responsibility to ensure that the activity is conducted in a safe-and-sound manner.