.avif)
.svg)
Ransomware Assessment Facilitation
The rise in ransomware attacks has made it essential for financial institutions to proactively assess and mitigate ransomware risks. The Bankers Electronic Crimes Taskforce (BECTF), state bank regulators, and the United States Secret Service have developed the Ransomware Self-Assessment Tool (RSAT) to help organizations identify vulnerabilities and strengthen their defenses. Completing a ransomware assessment is now both an industry best practice and a growing regulatory expectation.
Ransomware is a type of malicious software that encrypts data, often making recovery impossible. Attackers may demand a ransom for a decryption key that may not work, or threaten to disclose sensitive information if their demands are not met. Institutions that pay ransoms, or work with companies that facilitate ransom payments, risk violating OFAC regulations and may encourage future attacks.
We provide our clients:
Identify and Protect
- Risk management and insurance evaluation
- Vendor management assessment
- Employee controls, audit & testing
- Backup controls review
- Multi-factor authentication practices
- Patch and configuration management
Detect
- Data loss prevention
- Alerting and monitoring systems
Respond
- Incident response plan evaluation
- Ransomware response procedures
Recover
- Restoration planning
- Lessons learned and training programs
- Communication protocols
Our facilitation delivers:
- A clear, actionable report outlining identified ransomware risks and recommended controls
- Executive-level summary for management and board oversight
- Guidance to strengthen security, compliance, and operational resilience
Affirmation of Independence
NETBankAudit’s engagement adheres to the Institute of Internal Auditors (IIA) standards, ensuring the effectiveness and improvement of risk management processes. We provide an independent, objective assessment in alignment with regulatory guidance, and do not assume business-line management roles.
Our facilitation helps institutions evaluate, design, and implement robust controls—while maintaining the independence required by industry standards.
.svg)
.avif)
