Linda A. Lacewell recently announced that she will be stepping down on August 24 from her position as superintendent of the New York State Department of Financial Services (NYSDFS) after two-and-a-half years at the helm. Her departure coincides with the resignation of Gov. Andrew Cuomo who is leaving because of a scandal involving sexual harassment… Read More >>
Here’s How to Prevent a Ransomware Attack
Ransomware is on the rise across all sectors, including financial services, and in late June the New York State Department of Financial Services (NYSDFS) provided some statistics that are disturbing. “From January 2020 through May 2021, DFS-regulated companies have reported 74 ransomware attacks. These attacks ranged in impact, from crippling days-long shutdowns to minor disruption… Read More >>
Standard Chartered Execs, Board Members to Depart
Standard Chartered has announced “a comprehensive package of changes” to its board and executive ranks that will see the exit of Peter Sands, the current group chief executive in June of this year, bank officials say. Sands will be replaced by an American and JPMorgan veteran Bill Winters, who will be appointed as group chief… Read More >>
