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New York Bolsters Cybersecurity Requirements

Global Fintech & Digital Assets

Covered financial institutions now face heightened expectations in relation to cybersecurity governance, risk assessment, and incident reporting. Requirements related to business continuity and disaster recovery have also been included for the first time.

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Businesses Urged Not To Pay Ransom To Cyberattackers

PYMNTS

Issues like phishing and the Business Email Compromise (BEC) are top concerns, yet ransomware cannot be ignored as a destructive force. In a survey of 1,700 managed service providers (MSPs) that work with a combined 100,000 SMBs, Datto found that 99 percent of respondents agree ransomware attacks will probably pick up this year and next.

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Keeping Third-Party Risk First On The Cybersecurity (Risk) List

PYMNTS

The news that hit Friday afternoon that malware and ransomware were racing across the globe at a breakneck pace, infecting computers at companies across verticals and causing havoc, brought cybersecurity to top of mind, yet again. . Talk about timely. And yet, even as technology advances, one size does not fit all, the duo agreed.

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Hacker Tracker: Breach Hits Canadian Agency, Cyber Ransoms Surge

PYMNTS

In this week’s Hacker Tracker , PYMNTS was joined by Andrew Douthwaite, VP of Managed Services for VirtualArmour , who shared insights on some of the biggest news hitting the cybersecurity space this week. It seems as though the trend of ransomware attacks isn’t disappearing any time soon. Cyberattack Hits Canadian Agency.

Breach 40
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MAS Panel Addresses Emerging Tech Risks, Vendor Security for Finance Sector

Fintech News

They also encouraged institutions to enhance their IT disaster recovery drills by incorporating unscripted scenarios to better reflect real-world incidents. Addressing third-party and open-source software risks, the panel urged financial institutions to maintain comprehensive inventories of IT components and map external dependencies.

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The quest for operational resilience: Mastering digital transformation

The Payments Association

The second pillar, cybersecurity and risk management, has become increasingly complex as cybercriminals exploit the rise of digital payments and remote working. Phishing attacks, ransomware, and data breaches have become constant threats. The final pillar is business continuity and incident response.