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Update on Cyber Security in the Banking Sector: Third Party Service Providers

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Citation Edit

New York State Department of Financial Services, Update on Cyber Security in the Banking Sector: Third Party Service Providers (Apr. 2015) (full-text).

Overview Edit

The New York State Department of Financial Services (NYSDFS) recently conducted a survey with 40 different banking organizations including many of the largest financial institutions — about the cyber security standards these organizations have in place for their third-party vendors. On April 9, 2015, the NYSDFS released this report that outlines significant potential cyber security vulnerabilities with financial institution's third-party vendors. The report highlights some key findings:

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