New York Gov. Andrew Cuomo says it’s the nation’s first state regulation designed to thwart cyberattacks against the financial sector. Some critics say the proposal is too prescriptive, making it difficult for smaller banks to comply. The state is accepting comments on the proposed regulation until the end of October, after which it could make refinements before the regulation is finalized. Unlike New York, the Federal Financial Institutions Examination Council has taken a more seasoned risk-based approach to cybersecurity, focusing on outlining best practices instead.”]
Source: https://www.databreachtoday.com/critics-blast-new-yorks-proposed-cybersecurity-regulation-a-9453