NY Watchdog Wants New Cybersecurity Regulations for Financial Institutions

[kreslik.news]

With ransomware, DDoS attacks and malevolent hacking ever on the rise these days, many governments around the world are reacting and demanding that corporations take action to protect the system. On Wednesday the New York State Department of Financial Services (DFS) has updated its proposed new cybersecurity regulation.

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The first such proposed regulation for a state in the US will require banks, insurance companies, and other financial services institutions regulated by DFS to establish and maintain a cybersecurity program when it will go into effect March 1, ... (read more)