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Education & Training

Letitia James

NYS fines GEICO, Travelers $11.3 million combined over data breaches

ALBANY — New York State says it will collect fines totaling $11.3 million from two auto-insurance companies for having “poor data security,” which led to the personal information of more than 120,000 New Yorkers “being compromised.” The Government Employees Insurance Company (GEICO) will pay $9.75 million in penalties and The Travelers Indemnity Company (Travelers) (NYSE:

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Robert W. Patterson

VIEWPOINT: IRS Clarifies 403(b) Plans’ Obligations to Part-Timers

On Oct. 3, 2024, the Internal Revenue Service (IRS) released important guidance on the obligations of 403(b) plan sponsors to their part-time employees. Under recently passed legislation that is effective Jan. 1, 2025, a long-term, part-time (LTPT) employee — one who works 500 or more hours in each of two consecutive years — must be

Mallory Conway

VIEWPOINT: Strategies for Success: Top 5 Audit & Compliance Challenges

For financial institutions The regulatory compliance environment is becoming increasingly complex for financial institutions. A multitude of challenges — ranging from representment fees and fair-lending practices to AI privacy concerns, adjustable-rate mortgage compliance, and interest-rate risk management — demand meticulous attention from internal audit and compliance teams. Here are several strategies that financial institutions can

Binghamton University collaborates with industry, academic partners on new, $285 million Manufacturing USA Institute

VESTAL, N.Y. — Binghamton University says it is a key partner in a new federally funded institute that’s focused on the use of “digital twins” to improve domestic semiconductor design and manufacturing. The U.S. Department of Commerce and the Semiconductor Research Corporation Manufacturing Consortium Corp. (SRC) recently announced that they’re negotiating for the department to

Upstate Medical University inks articulation agreements with North Country schools

SYRACUSE, N.Y. — Upstate Medical University says it has signed a new articulation agreement with SUNY Potsdam and renewed its agreements with SUNY Adirondack and SUNY Canton. In signing the pacts, the three North Country SUNY schools are providing a “seamless pathway” for their students to continue their education in the health professions at Upstate

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