Secure Online Fax for New York Financial Institutions
New York anchors American finance, from the JPMorgan Chase and Goldman Sachs towers in Manhattan to the community banks and credit unions serving upstate towns. These institutions still move wire authorizations, signed loan packages, and broker-dealer correspondence by fax because regulators and counterparties expect a confirmed, timestamped record.
Regulations & Compliance
The New York State Department of Financial Services supervises state-chartered banks, lenders, and insurers, and its Cybersecurity Regulation at 23 NYCRR 500 requires covered entities to encrypt nonpublic information in transit. A fax that crosses the open phone network on a legacy machine does not meet that bar; an encrypted transmission with an audit log does. Federally chartered institutions answer to the OCC and FDIC as well, and members of the New York Bankers Association and New York Credit Union Association face the same expectation that customer financial data stays protected end to end.
Key Institutions
- • New York State Department of Financial Services (DFS)
- • New York Bankers Association
- • New York Credit Union Association
- • Securities Industry and Financial Markets Association (SIFMA)