New York boosts cybersecurity

A financial regulator in New York has launched a new, secure portal for reporting possible cybersecurity breaches.

The New York State Department of Financial Services (DFS) launched a new online portal to allow banks, insurers and other financial services firms to securely transmit reports to the regulator that are required under its new cybersecurity regulation. Starting on Aug. 28, firms will be required to file certain reportswith the regulator, including notices of certain cybersecurity events, within 72 hours.

“With DFS’s leading cybersecurity regulation, the DFS cyber portal will allow New York’s financial institutions to quickly, easily, and securely report cybersecurity events and file required certifications of compliance, ensuring that the necessary safeguards are in place to protect New York consumers and financial institutions as the threat of cyber-attacks continues to increase,” said Maria Vullo, New York State superintendent of financial services.

“DFS continues to implement innovative technologies and modernize its processes to better serve regulated entities and the New Yorkers they serve,” she added.

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