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A Look Back at 2020 and a Look Ahead to 2021: A Regulatory Compliance Update
From SafeSystems.com/Safe-Systems-Blog Safe Systems recently published a two-part regulatory compliance blog series that looked back at 2020 and ahead to 2021. In Part 1, we explored how regulations related to the Pandemic dominated the compliance landscape early in 2020 forcing financial institutions to make adjustments to their procedures and practices on the fly. In Part…
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Hot Topic: Ransomware on the Radar (Updated)
Both the State banking regulators and the Treasury Department have issued recent advisories to financial institutions regarding the ransomware threat. Ransomware is defined as a form of malicious software (“malware”) designed to block access to a computer system or data, often by encrypting data or programs, in order to extort ransom payments from victims in…
