ACE IT Solutions Managing Partner, Warren Finkel, recently spoke to FinOps about New York State’s Department of Financial Services new rules on managing cyber-risks and how banks are expected to protect critical non-public customer data.
Cybersecurity information security officers (CISOs), IT directors, compliance managers, legal counsel, and vendor procurement specialists will need to work together to perform due diligence on third-party vendors, negotiate new contracts, revise old contracts and continually monitor third-party relationships. The same principles associated with any outsourced service also apply to third-party cybersecurity risk management.” Read more . . .