NIST process could help address cyber reg concerns in finance sector

December 3, 2015

Inside Cybersecurity Reports:

Financial sector representatives are looking to an upcoming “request for information” on the federal framework of cybersecurity standards as a way to revitalize the voluntary, industry-led approach to cyber – and to head off conflicting regulatory moves. The National Institute of Standards and Technology is expected in the coming days to release the RFI, which will launch a dialogue on next steps for the framework and provide a venue for government and industry representatives to discuss overarching cybersecurity policy issues. “The NIST framework speaks to every sector and created a means to talk to our third-parties,” said a financial industry source. “But we’re reaching an inflection point where regulators are moving away from the NIST framework in a more compliance direction.”…SOURCE

| Inside Cybersecurity

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