Assess Your Ransomware Risk & Get Ready For New Cyber Requirements
Based on new information out today from the Excess Line Association of New York (ELANY,) we encourage you to perform the periodically-required risk assessment of your computer networks now and get ready for new cybersecurity requirements from the New York State Department of Financial Services (DFS.) As we reported earlier this month, DFS offered guidance to all entities it regulates on how to address the risks of ransomware attacks. Today's bulletin from ELANY indicates that they've had conversations with DFS that shed new light on the guidance.According to computer security software provider McAfee, "Ransomware is malware that employs encryption to hold a victim’s information at ransom. A user or organization’s critical data…