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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. Requirements related to business continuity and disasterrecovery have also been included for the first time.
Phishing attacks, ransomware, and data breaches have become constant threats. Having robust contingency plans, backup systems, and disasterrecovery mechanisms ensures that, in the event of a failure, operations can continue with minimal impact. The final pillar is business continuity and incident response.
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