Cyber responsibility officially reaches the board: twelve questions every board should ask.

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Cybersecurity regulations are intensifying. A new proposed cybersecurity regulation promulgated by New York's Department of Financial Services (DFS), which generally applies to financial institutions that do business in New York and is expected to go into effect on March 1, 2017, is groundbreaking in several respects.

Under the proposed regulation, which is mandatory and not just guidance, organizations have to...