First came New York. Now comes Colorado promulgating cybersecurity rules on their financial sector.
The Colorado proposal will apply to:
- financial advisers
- broker-dealers
- entities with state securities licenses
The Colorado rules will require securities licensees to:
- conduct an annual assessment of their cybersecurity risks
- require written policies and procedures explaining how they are protecting clients’ personal and financial information
Bloomberg Law | Colorado Moving to Set Financial Adviser Cybersecurity Rule