Superintendent of the Department of Financial Services (NYDFS) Benjamin M. Lawsky announced in a memorandum, adding to the banks’ compliance obligations, effective immediately, banks chartered or licensed in New York will now face an updated cybersecurity examination process. “The Department encourages all institutions to view cybersecurity as an integral aspect of their overall risk management strategy, rather than solely as a subset of information technology,” Lawsky wrote. Additions to ...
JAN
2015