MasterCard Exec, Others Urge Flexible Cybersecurity Regime

Law360, New York (October 14, 2016, 8:35 PM EDT) -- A MasterCard executive and other cybersecurity experts on Friday cautioned regulators against following the lead recently set by a New York banking authority and instituting proscriptive cybersecurity rules that would quickly become irrelevant, saying that a regime akin to a flexible industry-driven framework rolled out two years ago provided a better way forward.

During a panel at a Women Leaders in Cybersecurity symposium hosted by New York University's Center of Cybersecurity, executives from MasterCard Inc. and Goldman Sachs Group Inc., as well as former government officials...
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