Our Take

NY Governor Andrew Cuomo proposes a new regulation requiring certain banks, insurance companies, and financial services institutions to establish and maintain a cybersecurity program to protect consumers and ensure the safety of the state’s financial services industry.

New York banks, insurers and other financial institutions could soon see implementations of stricter online security standards that would make it harder for hackers to penetrate their systems, as Governor Andrew M. Cuomo on Wednesday introduced a proposed regulation that seeks to establish a cybersecurity program for New York State’s finance industry.

Read More at International Business Times