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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Adrianne Appel2023-11-15T21:09:00
New York hospitals would be required to have a cybersecurity program that includes regular cyber risk assessments under newly proposed regulations.
The proposed rules, which would require the reporting of material cyber incidents within two hours, are designed to strengthen the cybersecurity of hospitals and their networks, said New York Gov. Kathy Hochul in a press release Monday.
Complying with the proposed rules would initially cost hospitals tens of thousands or tens of millions of dollars, according to the draft rules, which noted program maturity as a dictating factor. Hospitals would be allowed to subcontract for cybersecurity services.
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News and analysis for the well-informed compliance or audit exec.
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2023-12-07T18:34:00Z By Adrianne Appel
Hospitals can soon expect to see new draft cybersecurity regulations and benchmarking goals, according to the Department of Health and Human Services.
2023-11-08T20:10:00Z By Aaron Nicodemus
A New York state law that takes effect next year will make it more difficult for registered investment advisers in the state to conduct proactive testing for violations of their firms’ off-channel communication policies.
2023-11-03T10:03:00Z By Adrianne Appel
New York will require financial institutions to conduct risk assessments more often and improve governance under a broad update to the state’s cybersecurity regulations.
2024-07-24T15:50:00Z By Aaron Nicodemus
Financial institutions holding Russian sovereign assets that have not reported them to the Treasury Department’s Office of Foreign Assets Control are now required to do so by Aug. 2.
2024-07-23T12:29:00Z By Ruth Prickett
Compliance officers should take note of proposed laws in the U.K. with the newly elected Labor government setting the legislative agenda in the King’s Speech last week, promising consultations on enhanced employee rights and a higher minimum wage.
2024-07-22T15:50:00Z By Aaron Nicodemus
Four federal banking regulators have joined the Treasury Department’s Financial Crimes Enforcement Network in issuing a notice of proposed rulemaking that would require financial institutions to conduct more thorough risk assessments on their anti-money laundering/countering the financing of terrorism programs.
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