New York is on the verge of getting new licensing rules governing commercial use of virtual currencies including bitcoin. As Benjamin M. Lawsky steps down next month as head of the New York State Department of Financial Services (NYDFS), he will unveil a set of...
New York’s top banking regulator, Benjamin Lawsky, has taken the unusual step of issuing an alert after a laptop containing bank customer data was stolen from a banker’s car in January. Pioneer Bank in Troy, N.Y., notified authorities on Feb. 23 of the Jan. 26...
New York bank regulators are considering massive programs to audit large banks’ cybersecurity and anti-money-laundering (AML) systems, The Wall Street Journal reported. In a speech at Columbia University on Wednesday (Feb. 25), N.Y. superintendent of Financial Services Benjamin Lawsky proposed the AML and security audits,...
Banks must—legally—view cyber security as a key part of risk management, said New York’s top banking regulator, according to a copy of a letter he sent to banks that have a New York state charter or license, the Financial Times is reporting. “Increasing the intensity...
June 03, 2016
“We live in a world where each day we are surprised by something new when it comes to the sophistication and the capabilities of hackers,” Benjamin Lawsky, banking and cybersecurity expert, told CNBC on Wednesday (June 1) during an interview for its “Power Lunch” program. Lawsky, the former superintendent of financial services for the state […]
May 25, 2015
New York is on the verge of getting new licensing rules governing commercial use of virtual currencies including bitcoin. As Benjamin M. Lawsky steps down next month as head of...
March 09, 2015
New York’s top banking regulator, Benjamin Lawsky, has taken the unusual step of issuing an alert after a laptop containing bank customer data was stolen from a banker’s car in...
February 26, 2015
New York bank regulators are considering massive programs to audit large banks’ cybersecurity and anti-money-laundering (AML) systems, The Wall Street Journal reported. In a speech at Columbia University on Wednesday...
