NY bank regulators outline cyber-security plans
NYDFS envisions a chief information security officer at every firm
If banking regulators in New York have their way, firms under its purview will soon have to appoint a chief information security officer to implement and enforce a cyber-security programme.
This was one of the main proposals put forward by the New York State Department of Financial Services (NYDFS) in a November 9 open letter to a committee representing dozens of financial institutions and regulators. The letter outlined plans for new comprehensive regulation to strengthen cyber-security
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