Which state? New York
Which state officials are proposing cyber security regulations for banks/financial institutions? Governor Cuomo & New York State top banking regulator.
What will be required of financial institutions under these state data security regulations?
- Required to hire a chief information security officer
- Must implement measures that detect and deter cyber intrusions
- Must meet consumer protection standards, with companies able to assess their own needs and adopt standards that meet their business
- 72 hours to report a breach to New York’s Department of Financial Services
The Wall Street Journal | New York Proposes Cybersecurity Regulations for Banks
New York’s Proposed Data Security Regulations for Banks
Engadget | New York proposes online security rules for banks and insurers