New York Proposes Groundbreaking Cybersecurity Regulations for Financial Institutions and Insurers

December 05, 2016
by Elizabeth M. Del Cid, Katherine M. McGrail

On Sept. 13, New York’s Department of Financial Services (DFS) proposed "first-in-the-nation" broad and sweeping cybersecurity regulations for banks, credit unions and insurers that are chartered or licensed in New York. The proposed regulations have already begun to serve as a model for the federal government, and it is likely that other states and different industries will follow suit.

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