New York State Department of Financial Services Issues Guidance on Global Conflicts' Impact on Financial Sector

On June 23, 2025, the New York State Department of Financial Services published a guidance letter addressed to all persons and entities regulated by the department. This letter discusses the impact of ongoing global conflicts on the financial sector. The letter highlights the potential repercussions of these conflicts on the financial stability and security of regulated institutions. It emphasizes the importance of vigilance and preparedness in the face of increased risks of cyberattacks and economic disruptions. The letter does not mention specific technical details or direct impacts but calls for heightened attention and preventive measures.