Financial Institutions Inc (FISI) has disclosed a new risk, in the Environmental / Social category.
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Financial Institutions Inc faces significant risks due to evolving cybersecurity and data privacy laws and regulations. Compliance with these regulations, issued by bodies such as the FRB, NY DFS, and the SEC, is crucial to avoid regulatory sanctions and reputational damage. Additionally, failure to meet these requirements could hinder the company’s ability to secure cyber liability insurance or result in increased premiums, exacerbating financial and regulatory risks. The company must invest in robust cybersecurity controls to mitigate these risks and ensure adherence to stringent regulatory standards.
The average FISI stock price target is $33.50, implying 28.85% upside potential.
To learn more about Financial Institutions Inc’s risk factors, click here.