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New York’s Department of Financial Services Issues Cybersecurity Proposal

By CircleID Reporter
  • September 13, 2016, 7:05 pm PDT
  • Views: 4,738
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“New York state is proposing new rules requiring banks and insurance companies to establish cybersecurity programs and designate an internal cybersecurity officer, in what Gov. Andrew Cuomo described as a ‘first-in-the-nation’ move to codify cyber safety policies,” reports Greg Farrell in Bloomberg: “The new regulations, proposed by New York’s Department of Financial Services, will apply only to banks and other financial services companies licensed by the Empire State and not to nationally chartered institutions.”

By CircleID Reporter

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