Pub. 18 2021 Issue 4

12 ROB NICHOLS PRESIDENT AND CEO AMERICAN BANKERS ASSOCIATION Ransomware represents a serious threat to all businesses. But the good news is that the financial sector is ahead of the game when it comes to cybersecurity, given the rigorous regulatory framework to which banks adhere. WASHINGTON UPDATE VISIT OUR WEBSITE AT: NMBANKERS.COM TO PAY OR NOT TO PAY: RANSOMWARE ATTACKS OFFER AN UNSAVORY CHOICE