Ransomware Diligence: You And Your Vendors

Massive ransomware attack targeted U.S. banks. Learn how to protect your institution and monitor vendors.

In July, a notorious cyber-criminal network conducted a massive global cyberattack targeting several U.S. banks among hundreds of companies. Other devastating ransomware attacks this year have started with vendors that provide information technology and marketing services. Your institution and its vendors are not safe.

The potential for operational disruption, cost, legal risk, and reputational harm is dramatically increasing. While threat monitoring and ongoing cybersecurity risk assessments are key prevention steps, you need to plan for the worst immediately.

• How do recent ransomware threats differ?
• What are regulators’ current views on ransomware?
• What roles have vendors played in recent attacks?
• How can you mitigate supply chain risk?
• When should you involve law enforcement?
• How can you build a ransomware response team and plan?