The U.K. Payment Systems Regulator has issued a statement on the situation in Ukraine. The PSR encourages firms to reflect on how they are managing their risks related to the situation, in particular:

• the ability of the firm to bear an attack from a sophisticated state actor;
• whether staff are available to handle an elevated cyber risk from state sponsored and other actors; and
• implications of sanctions for third-party suppliers, and the resilience of those suppliers.

The PSR highlights the guidance issued by the National Cyber Security Centre on actions to take in response to the Ukraine situation, and it warns firms to remain vigilant of any cyber security threat.

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