Tagged: cybersecurity regulations

Cybersecurity Compliance for Financial Institutions

The New York Department of Financial Services has adopted detailed cybersecurity regulations for financial institutions.  (Here).  The NYDFS has filled a vacuum created by the failure of the federal government to act in this important area.  Congress has failed to enact any specific requirements; the federal government continues to rely on voluntary efforts and recommended standards.  As long as this vacuum continues, state regulators and...

Cybersecurity: The Law and Regulatory Framework

Cybersecurity law is a patchwork of global statutes and regulations.  Unfortunately, Congress has failed to act in this area, leaving the EU and US States to “lead.”  As a result, companies are often required to follow the lowest (or highest) common denominator, depending on your perspective. At the US federal level, we have specific industries that have requirements for protecting sensitive personal information.  The Health...