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Emory Corp. Governance & Accountability Rev. Perspectives

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Cyberattacks are growing in sophistication and reach day by day. With the ever-evolving global cyber business world that we live in, no one is safe from cyberattacks. Successful attacks on the world's financial systems would have devastating effects on both impacted individuals and the financial system as a whole. The smallest cyber security breach can easily turn into a full blown cyberattack, thus it is extremely important that we implement the correct safeguards to protect our financial systems. This Article will assess how past cybersecurity breaches affected the financial services industry both domestically and abroad. It will then explore the expanding world of cybersecurity, before examining how 23 N.Y.C.R.R 500 has implications reaching far beyond the state of New York. It will look at foreign regulations, because these are important to protect individuals from cybersecurity threats all around the world. Finally, this Article will discuss the importance of expanding cybersecurity regulations globally.

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