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Wolters Kluwer White Paper Examines Latest Developments in Financial Services Cybersecurity Regulation, Amid Growing Concerns over Cyber RisksNEW YORK, April 11, 2017 /PRNewswire/ -- Wolters Kluwer Legal & Regulatory U.S. has issued a new white paper, "Financial industry cybersecurity concerns grow, New York acts", detailing recent regulatory responses to growing concerns surrounding cybersecurity in the financial industry. The white paper provides an in-depth analysis of New York State's recently enacted and first-in-the-nation requirement that banks, insurance companies, and other regulated financial institutions establish and maintain a program to protect consumers and the industry. The paper provides detailed coverage of issues under consideration by federal banking agencies. It also outlines clear explanations of SEC and CFTC requirements and key implementation dates. The paper is authored by Wolters Kluwer's leading securities and banking law experts, J. Preston Carter, J.D., LL.M., John M. Pachkowski, J.D., and Mark S. Nelson, J.D. "To address growing concerns over cyber risks, federal and state regulators have bolstered efforts to develop new standards for cybersecurity," said Pachkowski. "As these efforts continue, they will ultimately impact several different areas of the law." Highlights of the paper's analysis include:
About Wolters Kluwer Legal & Regulatory U.S. Wolters Kluwer reported 2016 annual revenues of €4.3 billion. The company, headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over 180 countries, maintains operations in over 40 countries and employs 19,000 people worldwide. For more information about Wolters Kluwer Legal & Regulatory U.S., visit www.WoltersKluwerLR.com, follow us on Facebook, Twitter and LinkedIn.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/wolters-kluwer-white-paper-examines-latest-developments-in-financial-services-cybersecurity-regulation-amid-growing-concerns-over-cyber-risks-300438013.html SOURCE Wolters Kluwer Legal & Regulatory U.S. |