Following the massive security breach at Equifax Inc. disclosed earlier this month, New York Gov. Andrew Cuomo on Monday proposed new regulations that would subject consumer credit reporting agencies to the same cybersecurity rules that the state recently enacted for banks and insurance companies.
Under the proposed rules, credit reporting agencies such as Equifax, TransUnion and Experian would have to register with the state Department of Financial Services beginning in February and every year thereafter. Their registration form would also have to include the agency’s officers or directors who would be responsible for compliance with the recently enacted regulations aimed at deterring cyberattacks on the financial services industry (NYLJ, Aug. 25)
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
