New York to Impose New Cybersecurity Regulations
The controversial new regulations are the first in the nation, and may not be the last…
An article review.
On March 1 New York State became the first in the nation to impose its own cybersecurity regulations on banking institutions.
Though banking institutions have 180 days to come into compliance, there are complaints that the regulations place a burden on the institutions and that there hasn’t been enough time to consider them. These complaints were echoed by the American Banker’s Association, which adds that these new regulations may come into conflict with Federal cybersecurity regulations.
The regulations themselves include the requirement that banks have a CISO or Chief Information Security Officer, and that they report cybersecurity related incidents within 72 hours. Additionally, annual penetration tests, risk assessments and encryption of data in transit and at rest are included in the regulations. Institutions will have to submit a letter certifying compliance to New York State every year.
As the financial capital of the world, many are watching to see what impact these regulations may have–and if they are effective we may see other states following New York’s lead, meaning these regulations are worth a second look no matter where you do business.
Original article by Jeremy Kirk writing for Data Breach Today.
Another awareness poster for YOUR customers (and users). Now that we have our own employees aware, maybe it’s time to start posting content for our customers! Download the large versions here: Awareness Poster (Portrait) Awareness Poster (Landscape) You are welcome to print out and distribute this around your office.
Intelligence agencies from five nations contributed to the new advisory… An article review. For the first time, the cybersecurity divisions of the nations in the “Five Eyes” alliance (The United States, United Kingdom, Canada, Australia and New Zealand) have released a joint advisory concerning incident response. The report, available here, does not provide a complete […]
PRESS RELEASE – FOR IMMEDIATE RELEASE BUSINESS NEWS NEW EMPLOYEE FOR INFOTEX infotex has just hired Nathan Harrell, to be a new Engagement Coordinator to assist with all communications between both current and prospective Clients. “We’re really excited to have Nate joining the team to help us keep the channels of communication open!” says Bryan […]
A Webinar-Movie Short Back by popular demand! Our Board Awareness Training program continues with this movie, entitled Vulnerability Management for Directors, that can be presented directly to your board of directors.
Nearly half of all companies expect a security issue due to telecommuting… An article review. A few months ago we discussed a warning from the Department of Homeland Security regarding hackers taking advantage of the business disruptions caused by COVID-19, and according to an article shared with us by our friend Wes Pollard it appears […]