Reading the Tea Leaves on Cybersecurity Regulation

Editor’s Note:

You don’t need a weatherman
To know which way the wind blows –B. Dylan

All readers see here, bankers and other members of the regulated community also see here.

From: American Banker

Shamoil Shipchandler, David Ball, and Daniel Meyers

Buckle up, bankers: cybersecurity is about to be regulated. Evidence for this conjecture can be found in recent speeches by New York banking regulator Benjamin Lawsky, who announced in October the possible imposition of new, strict cybersecurity rules for financial institutions. Banks could be required to appoint chief information security officers and to undergo quarterly tests for information system vulnerabilities under the regime.


Leave a Reply

Your email address will not be published.

Please Answer: *