New Controls at Swift


Swift last week released “new security standards for its customers as well as a tool for blocking suspicious payments,” wrote the Wall Street Journal. “The new controls include detailed requirements about how users need to physically isolate local Swift-related equipment in a designated zone; protect access to tokens that contain Swift credentials; conduct annual security…

NY DFS Cyber Rule Effective March 1, 2017


In a press release, Governor Andrew Cuomo said New York State’s “first-in-the-nation cybersecurity regulation” will be applicable starting March 1, 2017. “The final regulation requires banks, insurance companies, and other financial services institutions regulated by the Department of Financial Services to establish and maintain a cybersecurity program designed to protect consumers’ private data and ensure…