Implementation of a new regulation requiring financial services companies to establish broad safeguards against cyberattack is being pushed back two months until March 1 after banks and insurers complained that it was impossible.
December 28, 2016 at 06:04 PM
1 minute read
A new mandate on financial services companies to establish broad safeguards against cyberattacks is being pushed back by two months, New York state regulators said Wednesday.
In amendments to the cybersecurity rules filed in September, the Department of Financial Services (DFS) said it is retaining the general parameters of its requirements, despite negative comments from trade groups and companies within the affected banking and insurance industries (NYLJ, Nov. 30).
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