New York State will begin a 45-day public comment period on its new financial industry cybersecurity regulation next week. New York Gov. Andrew Cuomo: This is the first such regulation in the country. Banks and insurance companies will be required to conduct an annual assessment of their specific risks, and design cybersecurity programs to address those risks. Security experts have a favorable view of the proposal, with one calling it a “step in the right direction” The regulation could help pave the way for those in other countries, security experts say.”]
Source: https://www.csoonline.com/article/3123531/ny-regulation-aims-to-raise-bank-security-standards.html