Regulator Outlines Steps to Mitigate Merchant Processing Risks. OCC highlights emerging concerns about high-risk merchants and need for more due diligence. The OCC booklet provides updated guidance for examiners and banks about how they assess and manage risks associated with card-related payments processing. The payments breach at retail giant Target Corp. was the result of an attack against a vendor, as well as a breach at payments processor Fidelity National Information Services have pushed banking regulators to reiterate why banking institutions are responsible for mitigating third-party vulnerabilities.”]
Source: https://www.cuinfosecurity.com/occ-more-third-party-risk-guidance-a-7233