Editor’s Note: See the 2004 article, Why OIRA Needs to Coordinate Federal Cyber Security Regulation.
From: Inside Cybersecurity
Rick Weber
The presidential commission on cybersecurity should recommend a streamlining and harmonizing of federal and state requirements for financial institutions, which are driving up compliance costs and detracting from effective data-security investments, according to the financial industry. “The lack of harmonization and alignment are causing firms to expend substantial resources reconciling unique, and often competing, examination questionnaires, frameworks, and tools,” according to. . . .
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