New York banks look to adopt biometrics in compliance with new cybersecurity rules

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.

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