Tag: financial institutions

Business Law & Regulations, Privacy

NYDFS Issues Supply Chain Management Guidance

May 26, 2021

Via: National Law Review

The New York State Department of Financial Services recently issued recommendations to financial institutions in the aftermath of the SolarWinds cyberattack. In that attack, hackers inserted malware into SolarWinds software which was then distributed to SolarWinds’ customers (many of which […]

Business Law & Regulations, Finance

SAFE Banking Act Definition

May 6, 2021

Via: Investopedia

The Secure and Fair Enforcement (SAFE) Banking Act was first introduced to Congress in May of 2017 under the sponsorship of Sen. Jeff Merkley (D-OR) and Rep. Ed Perlmutter (D-CO).1 It has been reintroduced several times, the latest in 2021 […]