Bloomberg News
"Hackers spend day and night trying to think up new ways to steal consumers' personal information and disrupt our nation's financial markets," says New York's Superintendent of Financial Services Benjamin M. Lawsky.

N.Y. Regulators Plan Heightened Scrutiny of Banks' Cyber Readiness

In a first, the state's financial firms will be required to undergo regular cybersecurity assessments to ensure that they are appropriately protecting customers' data. Banks support the effort even if it forces them to boost IT spending.

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