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Laughing All the Way to the Bank: NY’s Hilarious Cybersecurity Crackdown
New York’s stepping up in the cybersecurity game with the new “Amended NYDFS Cybersecurity Regulation”. With sturdier firewalls, stricter access controls, and mandatory ransomware reporting, financial institutions in the city are in for some serious homework before April 2024. NYDFS: changing the cybersecurity landscape, one…
Hot Take:
Well, well, looks like New York is stepping it up a notch in the cyber security world. Governor Hochul and the NYDFS are changing the game, and not just by making sure financial institutions have sturdier firewalls. They're setting up a whole system of checks and balances, from do-not-pass-go access controls to regular risk assessments. And don’t even get me started on the new ransomware reporting requirement! If you're a financial institution in the big apple, you've got some serious homework ahead of you before April 2024.Already a member? Log in here