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Understanding Risk Management Strategies as a PayFac

Stax

Cyberattacks, human errors, third-party service provider failures, and system disruptions all come under operations risk. Maintain a comprehensive disaster recovery program and undertake contingency planning so that you can resume operations quickly.

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New York Bolsters Cybersecurity Requirements

Global Fintech & Digital Assets

Requirements related to business continuity and disaster recovery have also been included for the first time. The changes impose more demanding requirements for larger entities, new obligations to report ransomware incidents and payments, and expanded oversight responsibilities for board and senior management.