Sweeping New York State Financial Regulations Set To Lead Nation In Cybersecurity

New cybersecurity regulations set to be implemented by the New York Department of Financial Services (DFS) are likely to have a wide influence and are noted for being tougher than federal regulations. In fact, some of the accountability components of the regulations are reminiscent of the Sarbanes-Oxley act in that those in the C-Suite are held responsible. ValueWalk reported on these regulations as they were being developed. As major hacks target the nation’s most important systemic financial institutions, New York State imposes tough cybersecurity regulations The hacking of major financial institutions makes news for a reason: disrupting systematic financial players…