NY DFS Prepares Real-Time Banking Cyberthreat Survey

Law360, New York (November 18, 2013, 2:35 PM ET) -- New York's Department of Financial Services is set to launch what is believed to be a unique meetup for banks to compare notes about their often-secretive efforts to combat cyberattacks amid “a growing black market for breached data" and other threats, a top state official told lawmakers Monday.

The Dec. 12 meeting of the minds will mark an attempt by New York's banking and insurance regulator to help bankers overcome a natural reluctance to share data about the threat driven, among other things, by competitive concerns,...
To view the full article, register now.