NY DFS Creates Cybersecurity Division, Naming Federal Prosecutor as Head
Acting Superintendent Linda Lacewell of the state Department of Financial Services said the division is the first of its kind to be established by a banking or insurance regulator.
May 23, 2019 at 01:00 AM
3 minute read
The original version of this story was published on New York Law Journal
New York's financial regulatory agency has created a first-in-the-nation cybersecurity division to place special focus on protecting the state's consumers and industries from digital threats, the regulator announced on Wednesday.
Acting Superintendent Linda Lacewell of the state Department of Financial Services said the division is the first of its kind to be established by a banking or insurance regulator.
The move comes more than two years after the agency promulgated the country's first wide-reaching cybersecurity regulations to protect the state's financial services industry and consumers from digital vulnerabilities.
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