Remove Cybersecurity Remove Disaster Recovery Remove Third-Party Service Provider
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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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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.