Dear Chief Executive Officer, General Counsel, and Chief Information Officer:
In an effort to promote greater cyber security across the financial services industry, the New York State Department of Financial Services (the "Department") has expanded its information technology ("IT") examination procedures to focus more attention on cyber security. The Department encourages all institutions to view cyber security as an integral aspect of their overall risk management strategy, rather than solely as a subset of information technology. To that end, the Department intends to incorporate new questions and topics into the existing IT examination framework.
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