In an article on AccountingWEB, columnist Terry Sheridan states that "The Federal Reserve Board, Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corp. likely will have their hands full in attempting to craft what the agencies refer to as “enhanced cyber risk management standards” for big and interconnected companies and their service providers."
Some of the larger CPA groups are pushing for "best practices", allowing the finance industry to implement these "best practices"
What's your opinion?
The story is here: http://www.accountingweb.com/practice/practice-excellence/regulators-proposed-cyber-rules-get-accountants-attention
"The comment period closed Jan. 17 for the advanced notice of proposed rulemaking issued in October 2016, with 15 organizations offering feedback." https://www.federalreserve.gov/newsevents/press/bcreg/bcreg20161019a1.pdf