Mitigation Ransomware Third-Party Service Provider 
Global Fintech & Digital Assets
DECEMBER 11, 2023
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. The Amendments also require a covered entity to report within 24 hours any extortion payment made in response to a ransomware attack.
PYMNTS
JULY 26, 2017
Phishing, ransomware, business email compromises, data theft and denial-of-service tactics can be especially harmful to FIs, and not only threaten the bank, but put the FI’s entire supply chain at risk, too. Compliance. As is often the case with banks, risks of non-compliance remain high, the OCC noted.
Fintech News
APRIL 21, 2025
The Cyber Security Agency of Singapore (CSA) also urged organisations to ensure their vendors have strong cybersecurity defences, including measures to mitigate the impact of any breach and support recovery efforts.
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