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. Ransomware can result in a sudden and unplanned suspension of critical core banking services, and payment of a ransom does not guarantee records can be restored in a timely fashion or even restored at all. In severe cases, this could result in the financial institution’s failure. The attached Ransomware Self-Assessment Tool (R-SAT) has 16 questions designed to help financial institutions reduce the risks of ransomware.

• Ransomeware Self-Assessment Tool
• Cover Letter to send to institutions with the R-SAT
• Ransomeware Best Practices