The Conference of State Bank Supervisors (CSBS) has released an update to the Ransomware Self-Assessment Tool (R-SAT), Version 2.0 for nonbanks.
The R-SAT, which was developed in collaboration with the Bankers Electronic Crimes Task Force, state bank regulators, and the U.S. Secret Service, was originally released in 2020. The nonbank R-SAT includes insights from cybersecurity experts and lessons that nonbanks have learned from their experience with ransomware attacks. This critical and repeatable cybersecurity tool is easy to use, and designed to assist nonbank companies of all sizes assess their readiness for ransomware attacks. The R-SAT is designed to help nonbank financial institutions understand their risks, invest in targeted system improvements, and execute a timely response and recovery in case of attack.
If you have any questions, please contact Director of Cybersecurity/IT/Fintech Holly Chase at Holly.Chase@mass.gov or (617) 838-3696.
| Date published: | October 24, 2024 |
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