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Lawsky warns banks to face their vendor backdoors

USA - April 10 2015 On April 9, 2015, the New York Department of Financial Services (the "DFS") issued a report titled "Update on Cyber Security in the Banking Sector:…

Gary R. Bronstein, Scott A. Brown, Christina M. Gattuso, Aaron M. Kaslow, Kevin M. Toomey.

CFPB issues compliance bulletin on treatment of confidential supervisory information

USA - February 18 2015 On January 27, 2015, the Consumer Financial Protection Bureau ("CFPB") issued compliance bulletin 2015-01 (the "Bulletin"), reminding supervised…

Christina M. Gattuso, Aaron M. Kaslow, Eric S. Kracov, Kevin M. Toomey.

Cyber attacks: is your bank insured?

USA - January 12 2015 State and federal banking regulators' recent focus on cyber security and cyber insurance underscores the importance of procuring cyber insurance…

David L. Cox, Erica J. Dominitz, Aaron M. Kaslow, Edward G. Olifer, Kevin M. Toomey.

CSBS and NYDFS issue cyber security guidance for banks

USA - December 19 2014 The Conference of State Bank Supervisors (the "CSBS") and the New York Department of Financial Services (the "NYDFS") recently issued valuable…

Christina M. Gattuso, Edward G. Olifer, Kevin M. Toomey.

New York issues cyber security exam guidance

USA - December 18 2014 On December 10, 2014, the New York Department of Financial Services ( the "NYDFS") issued a guidance letter to all NYDFS-regulated banks outlining…

Christina M. Gattuso, Edward G. Olifer, Kevin M. Toomey.