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Looming N.Y. Cybersecurity Deadline Puts Pressure on Companies

Stroz Friedberg is a specialized risk management firm built to help clients solve the complex challenges prevalent in today’s digital, connected, and regulated business world

Large financial institutions with mature cybersecurity programs should be in good shape for the compliance certification deadline, but smaller companies may be struggling to meet it, Rocco Grillo, a cybersecurity global leader at Stroz Friedberg LLC, a New York-based cybersecurity consulting subsidiary of Aon Plc, told Bloomberg Law.

“Some of them are in good shape, and some of them are running around with their hair on fire,” Grillo said.

The rules, which went on the books last March, cover nearly every large U.S. bank, as well as hundreds of other banks, insurance companies, and financial institutions. They’re meant to be adaptable to varied security risks, technological changes, and internal structures.

Click here to read the Bloomberg BNA article

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