Attorney Eric Biderman Talks with The Deal About New York Cybersecurity Regulations
New York attorney Eric Biderman was recently mentioned in an article by The Deal that discusses the new New York cybersecurity rules meant to “prevent the hacking of consumers’ private financial information.” While rules took effect on March 1, companies such as life settlement businesses, banks and insurance companies have until September 1 to meet the first deadline.
In regards to the NAIC model act as compared to the new regulations Mr. Biderman said, “I think they both get to the same goal, but New York lays out the road to get there in more detail. I think NAIC allows more freedom for the entities to determine what the road should be to get to that goal.”
To read the full article, “Market Players Scramble to Meet New York Cybersecurity Rules,” please click here. (Subscription required)