Looming N.Y. Cybersecurity Deadline Puts Pressure on Companies

The compliance stakes rose when New York Financial Services Superintendent Maria T. Vullo announced in her recent reminder of the Feb. 15 deadline that a cybersecurity review will be included in the department’s regular safety and soundness bank examinations. That step was “long overdue,” given the global spread of cheap, potent hacking technology, Hank Thomas, chief executive of Strategic Cyber Ventures LLC, a Washington-based investment company, told Bloomberg BNA.

Full Article: https://scvgroup.net/wp-content/uploads/2018/02/Looming-NY-Cybersecurity-Deadli.pdf

Reproduced with permission from Daily Report for Executives, 30 DER (February 13, 2018). Copyright 2018 by The Bureau of National Affairs, Inc. (800-372-1033) <http://www.bna.com>

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