NYDFS ANNOUNCES CYBERSECURITY SETTLEMENT WITH MORTGAGE LENDER
The New York State Department of Financial Services (NYDFS) announced on March 3rd that Residential Mortgage Services, Inc. (RMS) will pay a $1.5 million penalty to New York State for violations of the Cybersecurity Regulation, Part 500 of Title 23 (NYCRR 500 23) of the New York Codes, Rules, and Regulations. “It is of paramount…