Already there are 11 separate federal agencies with cybersecurity rules aimed at the financial services industry, on top of whatever self-regulatory organizations and state regulators require, Sifma president and CEO Kenneth Bentsen told the House Subcommittee on Financial Institutions and Consumer Credit last month, according to the publication. The various rules sometimes overlap or conflict with each other, and what’s needed now is “enhanced harmonization” of the various standards, he said at the time.
via Financial Advisor IQ – Why More Cybercrime Regulations Just Aren’t Needed
