On August 5, 2026, the New York Department of Financial Services (NYDFS) entered into a consent order with Order Express, Inc., a money transmitter licensed by NYDFS. Although Order Express qualified for a limited exemption under the NYDFS cybersecurity regulation
NYDFS issues guidance “in a heightened cybersecurity environment”
On May 21, 2026, the New York Department of Financial Services (NYDFS) issued industry guidance to licensees regarding security measures they should consider taking “in a heightened cybersecurity threat environment.” Even organizations not subject to NYDFS regulation may want to