There are some new regulations going into effect for financial institutions licensed by the state of New York this week. That’s for some banks, big insurance companies and all kinds of financial firms. The rules are about cybersecurity, specifically. They require companies to hire a chief information security officer, to report data breaches within 72 hours and to have a data-recovery plan in place. Pretty basic stuff, right? You’d be surprised.
Click the audio player above to hear the full story.
“I think the best compliment I can give is not to say how much your programs have taught me (a ton), but how much Marketplace has motivated me to go out and teach myself.” – Michael in Arlington, VABEFORE YOU GO