New Cyber Guidance From NY DFS: A Possible Path To “Reasonable Security”

19 December 2014
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Key takeaways

  • Courts and regulators increasingly impose a standard of “reasonable security” in the cyber realm without saying exactly what meets that standard.
  • A new examination template from New York’s Department of Financial Services asks a series of detailed questions about cybersecurity at banks.
  • The template points the way toward cybersecurity standards across the financial services sector and corporate America generally.