NY cyber security rules pose added D&O risk: Fitch

Forthcoming cyber security regulations from New York state's
Department of Financial Services may heighten the stakes for
directors and officers (D&O) coverage providers while
potentially spurring demand for insurance against cyber risk for
banks and other institutions, according to Fitch Ratings.
The rules, set to take effect on 1 March, require an executive
or a director at a covered firm to annually certify compliance with
the rules, which apply to a variety of financial services
business