NY regulation aims to raise bank security standards

Next week, New York State will begin a 45-day public comment period on its new financial industry cybersecurity regulation -- and, so far, security experts have a favorable view of the proposal.
Under the new regulations, banks and insurance companies doing business in New York State will need to establish a cybersecurity program, appoint a Chief Information Security Officer and monitor the cybersecurity policies of their business partners.
According to New York Gov. Andrew Cuomo, this is the f