Ransomware has become the most visible cyber threat to our nation’s networks. While financial institutions have implemented good cybersecurity practices, the rapid advancements in ransomware and its potentially devastating consequences require that every financial institution review and update its controls.
The Ransomware Self-Assessment Tool (R-SAT) has 16 questions designed to help financial institutions reduce the risks of ransomware. The Bankers Electronic Crimes Taskforce (BECTF), State Bank Regulators and the United States Secret Service developed this tool. It was developed to help financial institutions assess their efforts to mitigate risks associated with ransomware and identify gaps for increasing security. This document provides executive management and the board of directors with an overview of the institution’s preparedness towards identifying, protecting, detecting, responding, and recovering from a ransomware attack.
- Ransomware Self-Assessment Tool
- Non-bank Ransomware Self-Assessment Tool
- Cover Letter - Ransomware Preparedness Minimizing the Risk of Total Loss of Records
- 2017 BECTF/CSBS/USSS Ransomware Best Practices
- Press Release