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9/15/16 - Valerie Abend Talks with American Banker About NYDFS Cybersecurity Proposal

Promontory Managing Director Valerie Abend was featured in American Banker in an article about new cybersecurity rules proposed by the New York Department of Financial Services. The proposal, the article says, is more specific than existing guidance in a number of areas.

Federal regulators already require such notification, but in the New York plan “a third party not only has to tell the institution but potentially provide identity protection services to the institution's customers,” Abend said.