MSB's Must Keep an Eye on NY 504

As technology continues to dazzle consumers with its innovative flair, financial regulatory objectives have remained consistent: create regulations that both protect consumer data and prevent criminals from funding their illegal activities.

The truth of the matter, however, is that modern criminals possess a deep-seated knowledge of current regulations, and thus are constantly inventing means to bypass the current standard.

MSBA Member CSI highlights the regulation rules and what it means for MSB's.