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The ‘first-in-the-nation’ regulation compels banks, securities firms insurance companies in New York to set up a cybersecurity program.
The New York State Department of Financial Services (DFS) is moving to finalize its cybersecurity regulation, which will compel banks, other financial services firms and insurance companies — overseen by the DFS — to set up and maintain a cybersecurity program to protect clients and to improve the safety of the state’s financial services industry....
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