NY Regulations Set The Bar High For Cybersecurity Standards

Law360, New York (August 24, 2017, 5:53 PM EDT) -- New York's new cybersecurity regulations become effective on Aug. 28, 2017, marking a significant milestone in what is likely to be a new era in cybersecurity regulation on both a national and international level. As governments grapple with how best to address cyberthreats to their citizens, businesses and national security, there is an increasing focus on the potential use of regulatory requirements to impose minimum cybersecurity standards, particularly in the financial services sector. As more states and nation states adopt cybersecurity requirements, financial institutions are facing increased compliance costs and, potentially, a diversion of resources away from risk mitigation to compliance...

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