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New York banks look to adopt biometrics in compliance with new cybersecurity rules
Feb 10, 2017
By Justin Lee
New York banks, insurance companies and other financial institutions are preparing to adopt multi-factor authentication including biometrics in compliance with the new cybersecurity rules, which take effect on March 1st, according to a report by Bloomerg BNA.
New York Department of Financial Services’ (NYDFS) cybersecurity program is intended to protect consumers and ensure the safety of the state’s financial services industry.