Tag Archives: Department of Financial Services

Re-Emphasis on Third-Party Service Provider Security In Financial Services…A Reminder for All Businesses

A New York Times article earlier this week reported that top officials at the Treasury Department have identified a key area for strengthening data security – third-party service providers. Reuters reported that on Tuesday of this week New York State Department of Financial Services superintendent, Benjamin Lawsky, sent a letter to a number of banks inquiring … Continue Reading

NY Department of Financial Services Proposes Virtual Currency Rule

The New York Department of Financial Services recently published proposed regulations which would require virtual currency businesses operating in New York State to safeguard data and protect customer privacy. Notably, the proposed regulations include requirements for virtual currency business to maintain cyber security programs and business continuity and disaster recovery plans. Virtual currencies under the regulations … Continue Reading
LexBlog