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Iia Sept 2021 728x90
Ransomware Self-Assessment Review

Name

Ransomware Self-Assessment Review

Description

Ransomware is a type of malicious software (malware) that encrypts data on a computer, making it difficult or impossible to recover. The attackers usually offer to provide a decryption key after a ransom is paid; however, they might not provide one or it might not work if provided, which could make the financial institution’s critical records unavailable. Companies that facilitate ransomware payments to cyber actors on behalf of victims, including financial institutions, cyber insurance firms, and companies involved in digital forensics and incident response, not only encourage future ransomware payment demands but also may risk violating OFAC regulations

Standard (Non-IT) Audit Program

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Subscription Level

Premium

Type

Financial Compliance IT Fraud

Procedures

Yes

Language

English