Posts Tagged: "Merrill Lynch"

Regulations will likely start rolling out in the coming year starting at the state level. In May of last year, for example, the New York State Department of Financial Services released a report which said that the agency would add cybersecurity measures to the list of items that it investigates when evaluating a bank’s overall safety and soundness. New York, and New York City in particular, is home to a huge banking industry that represents some of our nation’s largest financial institutions, including American Express, JPMorgan Chase, Goldman Sachs and Merrill Lynch. According to remarks made by NYS DFS Superintendent Benjamin Lawsky in late February, state regulations could involve the use of multi-layer authentication systems for firms regulated by the DFS.