NY to require banks, insurers to take cybersecurity steps - WCAX.COM Local Vermont News, Weather and Sports-

NY to require banks, insurers to take cybersecurity steps

Posted: Updated:

ALBANY, N.Y. (AP) - New York state will soon have new rules intended to protect bank and insurance customers from hacking.

Democratic Gov. Andrew Cuomo said Thursday that new regulations will take effect March 1 that require financial institutions to create and maintain cybersecurity programs intended to prevent illegal access to sensitive personal information.

Many banks and insurers already have cybersecurity programs in place but the new regulation would make them mandatory.

State officials say the idea is to ensure New Yorkers can be confident their personal information is being protected.

Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Powered by Frankly
All content © Copyright 2000 - 2017 WCAX. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.