The Pontoon Bridge Being Floated as an NYC Transit Fix

New York City’s L train carries about 400,000 passengers a day, linking Manhattan and Brooklyn and bringing passengers along 14th Street, under the East River, and through the neighborhoods of Williamsburg, Bushwick, Ridgewood, Brownsville, and Canarsie. About 225,000 of these passengers pass through the Canarsie Tunnel, a two-tube cast iron rail tunnel built below the East River between Manhattan and Brooklyn in 1924. Like many other New York City road and subway tunnels, the Canarsie Tunnel was badly damaged when Hurricane Sandy’s storm surge inundated the tubes with million of gallons of salt water. Six years later, the impending closure …read more

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Banks preparing for heightened New York cybersecurity laws to take effect

This week, senior executives from more than 3,000 banks, insurers and other financial services companies doing business in New York will have to personally certify that their computer networks are protected by a cybersecurity program appropriate for their organization’s risk profile. The certification, imposed by the state’s banking regulator as part of its state cybersecurity rules, is the first in a slew of new requirements that will come into effect this year in New York — one of the leading centers of the global banking system. The requirement for personal certification is being compared to the post-Enron Sarbanes-Oxley corporate governance reforms that upended boardrooms across the country. The so-called SOX regulations require one of the company’s top executives to sign off on the integrity and accuracy of its financial information. In the same way, attorney Craig Newman told CyberScoop, the new regulations from New York’s Department of Financial Services (DFS) […]

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