Top 4 cybersecurity headaches plaguing Financial Services Institutions

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Most Financial Services Institutions (FSIs) have digital technology at their core. And a primary responsibility for most FSIs is “cyber-connect” customers – be they organizations or individuals – with their money simply and seamlessly.

FSIs need to counterbalance these speedy, frictionless transactional experiences against the thousand-pound gorilla in the room, a.k.a: cybersecurity risk.

This Deloitte article in the Wall Street Journal distills the problem well: “Amid the massive technological transformation now underway in financial services, companies are being asked to become ...

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NYDFS tweak proposed cybersecurity regulations; start date pushed back to 1 March 2017

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Last September, TBG Security wrote a helpful blog article on the proposed cybersecurity regulations put forward by the the New York State Department of Financial Services (NYDFS).

The NYDFS aimed to have these new cybersecurity requirements (23 NYCRR 500) enforceable by 1 Jan 2017. However, last week, on the 28th of December, NYDFS issued the following press release, effectively delaying the launch date to March 1, 2017.  


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