New York State Department of Financial Services notified New York banking institutions of expanded IT examination procedures that immediately take effect. The move by one of the nation’s largest states could foreshadow federal expectations for banking institutions to be included by the Federal Financial Institutions Examination Council in its anticipated cybersecurity guidance. New cybersecurity legislation that awaits President Obama’s signature could play a role in easing information sharing. Congress approved earlier this week the National Cybersecurity Protection Act that would codify the existing cybersecurity and communications operations center at the Department of Homeland Security.”]
Source: https://www.cuinfosecurity.com/will-banks-be-required-to-have-cyber-insurance-a-7673