Report on Investigation of Twitter’s July 15, 2020 Cybersecurity Incident and the Implications for Election Security| Department of Financial Services
Advancing Health Equity| Department of Financial Services
Superintendent of Financial Services Linda A. Lacewell announced today that Deutsche Bank AG, its New York branch, and Deutsche Bank Trust Company America (collectively “Deutsche Bank” or the “Bank”) have agreed to pay $150 million in penalties as part of a Consent Order entered into with the New York State Department of Financial Services (“DFS” or the “Department”) for significant compliance failures in connection with the Bank’s relationship with Jeffrey Epstein and corre...| Department of Financial Services
On March 1, 2017, the Department of Financial Services enacted a regulation establishing cybersecurity requirements for financial services companies, 23 NYCRR Part 500 (referred to below as “Part 500” or “the Cybersecurity Regulation”). Part 500 was amended for the first time in April 2020 to change the date of the required annual certification filing from February 15 of each year to April 15. | Department of Financial Services
To conduct virtual currency business activity in New York State, entities can either apply for a BitLicense or for a charter under the New York Banking Law (for example, as a New York State limited purpose trust company or New York State bank) with approval to conduct virtual currency business. While these forms of authorization are similar, a New York State limited purpose trust company charter may provide some additional benefits. For example, a limited purpose trust company can exercise fi...| Department of Financial Services