Layer 8 Security’s General Counsel, Steven Fiergang, was one of Philadelphia PACT’s May newsletter featured authors. His article, “The New York State Department of Financial Services (“NYS DFS”) Cybersecurity Regulations: We are all connected” discusses how cybersecurity regulations for financial services in New York impact the marketplace.

“Rather than proffering a construct for another “voluntary” framework to accurately gauge cybersecurity risk, New York boldly puts forth a set of minimum standards by which to judge the thoroughness of each entity’s information security program.  While there are potentially high costs associated with adhering to these regulations that will be imposed upon companies both locally and nation-wide, we believe this is a significant advancement for our country from the perspective of both cyber and financial security.”

You can read Steven’s article on the Philadelphia PACT website at http://philadelphiapact.com/the-new-york-state-department-of-financial-services-nys-dfs-cybersecurity-regulations-we-are-all-connected/.

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