Intense scrutiny from a number of regulators, who are increasingly cooperating with each other, makes incident response planning crucial for the financial services industry. This article offers insights on the best practices for incident response and vendor risk management – as well as on the evolving regulatory and threat landscape in the industry – shared by experts from Debevoise, StoneTurn, Willkie Farr & Gallagher and Citigroup at the recent Incident Response Forum Masterclass 2021. See “What the New Information Security Reporting Standards Mean for Financial Institutions” (Feb. 5, 2021).