Data is the lifeblood of the financial system, making cybersecurity threats a critical economic and national security risk. During this episode, RegFi cohosts Jerry Buckley, Sherry Safchuk and Sasha Leonhardt explore the operational and regulatory challenges of protecting financial services data from ransomware and other malicious exfiltration. The conversation outlines how financial services providers detect data breaches, their reporting and other legal obligations, and the complexities of coordinating law enforcement, outside counsel and other experts to effectively manage incidents and ransom demands. The group highlights the importance of strategic preparation, including routine tabletop exercises to pressure test monitoring and response plans.