Something potentially groundbreaking is happening in New York, and its impact is being felt globally. Still, if you’re not in the financial services industry, and specifically regulated by the New York State Department of Financial Services (NYDFS), you may have missed it. What is this change? In short, it’s the first of what may become a wave of stringent state cybersecurity regulations that impose “minimum standards” on industry.
Firms supplying essential services, e.g. for energy, transport, banking and health, or digital ones, such as search engines and cloud services, will have to improve their ability to withstand cyberattacks under the first EU-wide rules on cybersecurity.
China is to use quantum cryptography to create an “unhackable” communications network. Using the network, some 200 users from the military, government, finance and electricity sectors will be able to send messages without the concern that others may be able to read them.
Hospitals in the UK are to be given £21 million to improve data and cybersecurity, taking the current level of government investment in this area to over £50 million. The £21 million cash injection follows a review into hospital cybersecurity, and it will be directed to the UK’s 27 major trauma centers including those that dealt with the aftermaths of recent terrorist attacks in Manchester and London.
Who are the Most Influential People in Security? Find out which security leaders are making a difference in the September issue of Security magazine! Also, read about how New York is shaking up cybersecurity, changes in drone legislation, three steps to prepare for the GDPR, school surveillance savings and more.