From: Bloomberg/BNA
Banks are uneasy over unclear compliance standards and possible enforcement of New York financial services cybersecurity standards they must meet by Aug. 28, data security attorneys and cybersecurity professionals told Bloomberg BNA.
Banks and financial service companies should make a good faith best effort to meet the compliance deadline regardless of any uncertainty because the New York State Department of Financial Services (NYDFS) is taking seriously its cybersecurity oversight role.
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