Financial organizations are no strangers to regulation, but when it comes to cybersecurity, new mandates keep cropping up. According to a study from Accenture and the Ponemon Institute, the global financial services sector has experienced a 40% increase in the cost of cyberattacks during the past three years. The NYS DFS Cybersecurity Regulation is meant to help financial organizations establish a risk-based security program. As of March 1, covered financial institutions are on the hook for all but the few of the mandates that do not take effect until September 2018 or March 2019.”]
Source: https://www.darkreading.com/compliance/the-cybersecurity-mandates-keep-on-coming