New York Rolls Out New Cybersecurity Requirements For Banks, Insurers
According to the New York Department of Financial Services (DFS), new cybersecurity rules aimed at safeguarding consumer data go into effect on March 1, 2017. The regulations will require banks, insurers, and money services to strengthen their cybersecurity protocols by, in part, putting data security programs in place and accepting greater responsibility for monitoring the vendors with whom they do business. The rules also require reporting breaches within 72 hours.
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