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  1. #1
    CO-AR's Secret Jedi roberth's Avatar
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    Aug 2009
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    This story?

    http://www.usatoday.com/story/money/...anks/23995979/

    Ben Lawsky, head of New York's Department of Financial Services (DFS), said he fears a large enough hack on Wall Street firms could "spill over into the broader economy" — not unlike the mortgage meltdown of 2008.
    "We are concerned that within the next decade, or perhaps sooner, we will experience an Armageddon-type cyber event that causes a significant disruption in the financial system for a period of time," Lawsky said Wednesday in a speech at Columbia Law School.

  2. #2
    Zombie Slayer kidicarus13's Avatar
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    Nov 2007
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    Quote Originally Posted by roberth View Post

    Maybe he's just drumming up business for his new venture...


    It has been a grim few years for the banks that Benjamin M. Lawsky regulates. He threatened to pull their licenses, fined them hundreds of millions of dollars and forced dozens of their employees to resign.

    Now, much to Wall Street’s delight, the New York State regulator will be leaving government to start his own legal and consulting firm.

    http://www.nytimes.com/2015/05/21/bu...ator.html?_r=0
    Lessons cost money. Good ones cost lots. -Tony Beets

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