Why Every Payment Service Provider Should Test Its Incident Response Plan Before the Regulator Does
For many businesses, incident response planning is viewed as something that happens after a cyberattack. For payment service providers (PSPs), however, regulators increasingly expect incident response to be a documented, tested, and continuously maintained part of normal business operations. Under Canada's Retail Payment Activities Act (RPAA), operational resilience isn't simply about preventing incidents-it's also about demonstrating that your organization knows how to respond when one occurs.