Cybersecurity: Crime and Espionage

Latest in Cybersecurity: Crime and Espionage

Cybersecurity

NY State Cyber Regulation for Banks: A Model?

On September 13, 2016, New York Governor Andrew Cuomo announced a set of proposed cybersecurity regulations for financial services companies that fall under the jurisdiction of the New York State Department of Financial Services (NYSDFS): Cybersecurity Requirements for Financial Services Companies.  For those companies that fall under the jurisdiction of the NYSDFS, the proposed rules lay out a clear governance framework for cybersecurity. But these rules also add another set of standards for consideration by financial industry organizations that often have multiple regulators in varying jurisdictions here in the United States and around the world.

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