New York Proposes Cybersecurity Regulations

September 15, 2016

The proposed regulation would require regulated financial institutions to establish a cybersecurity program; adopt a written cybersecurity policy; designate a chief information security officer responsible for implementing, overseeing and enforcing its new program and policy; and have policies and procedures designed to ensure the security of information systems and nonpublic information accessible to, or held by, third-parties, along with a variety of other requirements to protect the confidentiality, integrity and availability of information systems.

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