Financial Crime World

Here is the converted article in Markdown format:

Financial Firms Can Reduce Cyber Risk and Avoid Falling Victim to Ransomware Attacks

As the financial industry continues to face an increasing number of cyber threats, it’s essential for organizations to take proactive measures to reduce their risk exposure and avoid falling victim to ransomware attacks.

Proposed Regulations by the US Securities and Exchange Commission (SEC)

The US Securities and Exchange Commission (SEC) has proposed new rules aimed at strengthening cybersecurity practices among investment companies, registered investment advisors, and business development companies. The proposed rules require firms to:

  • Adopt policies and procedures to address cyber risks
  • Enable 24/7 threat detection and response capabilities
  • Disclose significant cybersecurity incidents in a timely manner

Preparing for Upcoming Regulations

To prepare for these upcoming regulations, financial firms must assess their current cybersecurity posture and implement effective measures to reduce the risk of cyber attacks. This includes:

  • Conducting regular risk assessments
  • Implementing robust threat and vulnerability management strategies
  • Developing incident response plans that can quickly contain and remediate potential threats

eSentire’s Comprehensive Approach to Cybersecurity

eSentire, a leading provider of managed detection and response services, offers financial firms a comprehensive approach to cybersecurity that includes:

  • 24/7 Elite Threat Hunters and SOC Cyber Analysts actively hunting for threats across the environment
  • Advanced threat detection capabilities to identify known and unknown threats
  • Real-time incident response and remediation to quickly contain and remediate potential threats
  • Compliance and reporting support to ensure regulatory requirements are met

Case Study

“eSentire has been instrumental in helping us protect our organization from cyber threats. Their 24/7 SOC support and advanced threat detection capabilities have given us the peace of mind we need to focus on our business, knowing that our cybersecurity is being proactively monitored and managed,” said Bill Elvin, Director of EA and InfoSec at QC Holdings.

Get Started

Ready to reduce your cyber risk exposure and avoid falling victim to ransomware attacks? Submit your information and an eSentire representative will be in touch to help you build a more resilient security operation for your financial organization.