New York financial regulator rolls out cybersecurity proposals

Discussion in 'Wall St. News' started by dealmaker, Sep 14, 2016.

  1. dealmaker

    dealmaker

    New York financial regulator rolls out cybersecurity proposals
    New York state is proposing new rules requiring banks and insurance companies to establish cybersecurity programs and designate an internal cybersecurity officer, in what Gov. Andrew Cuomo described as a “first-in-the-nation” move tocodify cyber safety policies. The new regulations will apply only to banks and other financial services companies licensed by the state and not to nationally chartered institutions.(Pensions & Investments)