New York State revises its sweeping cyber regulation proposal for financial sector
30 Dec 2016

The New York State Department of Financial Services (DFS) on Wednesday released a revised draft of an ambitious regulation designed to protect the state and its citizens from cyberattacks against financial institutions.

Described as the first of its kind in the U.S., the proposed regulation requires banks, insurance companies and other financial services institutions overseen by DFS to develop a cybersecurity program – as well as a written policy – that protects the integrity and privacy of confidential data, including personally identifiable information.

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