The final cybersecurity guidelines New York imposed this week on the banking and insurance industries—the most comprehensive of any U.S. state—provide few changes from the plan as it was first outlined last year by the state Department of Financial Services.
The rules in general require regulated banks and insurance companies doing business in New York to have state-approved plans in place to deter cyber attacks, and to report actual cyberattacks to the state within 72 hours of when they occur.
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