New York Governor Andrew Cuomo issued long-anticipated proposed cyber security regulations for banks and insurers in the state, the first of their kind in the United States by any state or federal agency, the governor said in a statement. Cuomo's planned regulations for institutions overseen by the New York State Department of Financial Services (NYDFS) would require companies to set up cyber security programs and appoint a chief information officer, among other measures, according to the governor's office.
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