Layer 8 Security’s General Counsel, Steven Fiergang, was the featured expert offering his insights in Third Certainty’s article on the upcoming New York Department of Financial Services cybersecurity regulation and its impact to the marketplace.

“New York is the country’s financial center, and as such, it is logical that it takes the lead [on cybersecurity regulation]. While the future has yet to be written, this is an excellent jumping off point for federal review. The most logical and coordinated approach would require federal regulation. In its absence, our hope is that NYSDFS regulations become a model that other states replicate. The worst-case scenario is one where a patchwork of poorly matched regulations and guidance leave companies in the lurch as to how to move forward.”

You can check out the article at Third Certainty’s website at http://thirdcertainty.com/guest-essays/answers-questions-new-yorks-cybersecurity-regulations/

You can view the regulation at the NY DFS website at http://www.dfs.ny.gov/legal/regulations/proposed/rp500t.pdf

For further information about the NY DFS cybersecurity regulation, contact us at contact@layer8cybersecurity.com.

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