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New NYDFS chief fleshes out third-party risk 

Cybersecurity threats rise with third-party reliance 

Marcie Belles

Deficient risk-management procedures create new risk threats.  That premise, backed by evidence from examinations conducted by the New York Department of Financial Services, prompted the agency to release guidance in late October on cybersecurity-related risks associated with third parties.  “Financial services is fundamentally dependent on partnership,” said Kaitlin Asrow, newly appointed acting superintendent of the […]

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