NY financial regulator to delay cybersecurity rules

Massive task: The New York agency regulates state-chartered and foreign banks licensed to operate in the state, including Goldman Sachs Group Inc.

New York's financial regulator will delay an anticipated Jan. 1 deadline for banks and insurers doing business in the state to comply with controversial cyber security rules, a person familiar with the matter said.

The regulator, the New York State Department of Financial Services, will publish a revamped version of its cybersecurity rules in the New York State Register on Dec. 28, the person said.