The Federal Reserve Banks’ FedLine Solutions are a critical component of the U.S. payment system. While we layer and embed security within our FedLine Solutions, the organizations that use the service play a vital role in safeguarding the payment messages and information that are transmitted over FedLine. Additionally, during times of uncertainty security threats tend to increase. This increased risk, along with the evolving threat landscape, serves as a reminder that security posture is more important than ever.
In response to the evolving security threat landscape, the Federal Reserve Banks are implementing a Security and Resiliency Assurance Program (Assurance Program). As part of this new program, institutions that use the FedLine Solutions must:
- Conduct an assessment of their compliance with the Federal Reserve Banks’ FedLine security requirements
- Submit an attestation that they have completed the assessment
These steps will help reduce the risk of systemic breakdown and fraudulent payments being sent through the payments system. All service providers and financial institutions with a FedLine Solutions connection will be expected to complete this program on an annual basis, with a full calendar year to complete the program.
What action does my organization need to take to prepare?
No immediate action is required to prepare. We will provide additional detail and next steps later this year directly to FedLine Solutions customers.
If you have questions, please contact the Support Center. As a reminder, your account executive is also available to assist you. To find a list of Federal Reserve Bank contacts specific to your organization, use the Find Your Contacts tool.