NY bank regulators outline cyber-security plans

NYDFS envisions a chief information security officer at every firm

Cyber crime key on keyboard
Crackdown on cyber criminals

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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