NY's Stance On Cybersecurity: Behind The News

Law360, New York (November 27, 2013, 5:55 PM ET) -- The Wall Street Journal recently reported that the New York State Department of Financial Services is “requiring” about 200 banks “to answer questions in real time on Dec. 12 to assess their cybersecurity policies and processes” in “what amounts to a competition on which is best prepared to handle a cyberattack.” The real story about DFS’ stance on cybersecurity is both bigger and smaller than The Wall Street Journal describes.

DFS Already Surveyed Banks on Cybersecurity Practices

DFS will not necessarily learn anything new from the...
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