NY financial regulator to delay cyber security rules

Suzanne Barlynne reports:

New York’s financial regulator will delay an anticipated Jan. 1 deadline for banks and insurers doing business in the state to comply with controversial cyber security rules, a person familiar with the matter said.

The regulator, the New York State Department of Financial Services, will publish a revamped version of its cyber security rules in the New York State Register on Dec. 28, the person said.

The new effective date, following a public review period, will be March 1, 2017, the person said.

Read more on Reuters. Then do read Shawn E. Tuma’s post, where he identifies the objections and concerns that had been raised about the regulations.

About the author: Dissent

Comments are closed.