Most requirements still in place for firms to adhere to but also allows them more flexibility By Debbie Brenner The New York State Department of Financial Services recently made some adjustments to its proposed cybersecurity regulation to give financial institutions more flexibility

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Due to the current state of information security, organizations are being asked to strengthen their incident response and security monitoring capabilities. Since Cybersecurity threats expose financial institutions to operational, reputation, and financial risks, regulators have increased their expectations for organizations

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