Sheltered Harbor

In todays ransomware-prevalent world, adopting a robust cyber resilience strategy is critical to any financial institutions survival. The businesses that succeed will be those who start now and proactively plan to survive. Sheltered Harbor is the financial industrys approach for how to prepare for a severe but plausible event, with global standards and guides regarding Data Vaulting and Resilience Planning. A paralyzing attack that prevents customers from accessing their accounts could not only destroy an institution, but it could also cause panic that infects the entire financial system. To maintain the public confidence, customer balance information and access to funds must be recovered within 24 hours. To achieve this quickly, critical elements of a robust resiliency strategy include protecting critical assets; segregating customers critical data; and preparing to respond to a worst-case event. Sheltered Harbor protocols will ensure accounts can be restored in a matter of hours,...