The New York Department of Financial Services (NYDFS) issued guidance to financial institutions engaged in virtual currency business activities, mandating that an emergency preparedness plan from each firm be submitted to...more
The New York State Department of Financial Services has announced — much to the relief of the multitude of financial services companies and insurers regulated by DFS — that it will revamp its recently proposed cybersecurity...more
The New York Department of Financial Services recently announced a new proposed rule, which would require financial institutions and insurers to implement strong policies for responding to cyberattacks and data breaches. ...more