New York Financial Watchdog Calls for Social Media Cybersecurity Regulator after Twitter Hack of Biden and Obama Accounts
The New York State Department of Financial Services said platforms like Twitter and Facebook are now “systemically important” and need cybersecurity oversight. Tech Republic covered this suggestion by the New York State Department of Financial Services to regulate social media platforms, and reached out to the security industry for comment.
K2’s VP of Marketing, Tim Chiu commented on how being targeted for regulation, might paint a bullseye on companies selected for regulation, but that designation might not be a bad idea, if it also meant those companies would adhere to guidelines like the new NIST SP800-53 Revision 5 Security and Privacy Framework. The newly released framework adds requirements for IAST and RASP as part of the application security framework.