New York State Regulators Issue Warning Amid Global Tech Outage

New York state regulators have urged financial institutions and companies to stay alert during a global tech outage. The New York State Department of Financial Services is actively monitoring events and collaborating with state and federal bodies. Over 3,000 financial entities in New York are under supervision.

New York state regulators have issued a warning to banks and companies, urging them to remain on high-alert during a global tech outage that struck on Friday. The New York State Department of Financial Services (NYDFS) stated that it is closely monitoring institutions and market developments while coordinating efforts with other state and federal agencies.

The NYDFS emphasized the importance of vigilance, noting that threat actors may exploit periods when IT and security personnel are diverted, particularly through social engineering tactics.

As the supervisory body for over 3,000 financial institutions in New York, including banks and trust companies, the department aims to ensure stability and security within the financial sector.

(With inputs from agencies.)