Metropolitan Bank Holding's Comment on Supply Chain
The Company relies on third-party service providers to conduct independent audits of its information security and IT risk management systems, emphasizing the importance of appropriate cybersecurity controls among its suppliers and counterparties. It recognizes risks related to cybersecurity threats and potential breaches, which could have financial and reputational impacts. The Company invests in systems designed to detect and prevent security breaches but acknowledges that future incidents may materially affect its business. Additionally, the Company maintains cybersecurity insurance, though coverage may not extend to all costs. Operational risks include errors arising from processes, system failures, fraud, and external events, with significant dependence on technology systems for customer interaction and management.
Metropolitan Bank Holding's Comment on Supply Chain
The Company relies on third-party service providers to conduct independent audits of its information security and IT risk management systems, emphasizing the importance of appropriate cybersecurity controls among its suppliers and counterparties. It recognizes risks related to cybersecurity threats and potential breaches, which could have financial and reputational impacts. The Company invests in systems designed to detect and prevent security breaches but acknowledges that future incidents may materially affect its business. Additionally, the Company maintains cybersecurity insurance, though coverage may not extend to all costs. Operational risks include errors arising from processes, system failures, fraud, and external events, with significant dependence on technology systems for customer interaction and management.
Sources:
Metropolitan Bank Holding Corp 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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