Blog Topic: NYDFS

Reading Time: 3 minutes The Wall Street Journal recently reported that a newly-founded crime-fighting cyber unit will begin enforcing security rules laid forth by New York cybersecurity regulations. The primary role of the division is to protect consumers and financial organizations located in or doing… Read More

Reading Time: 3 minutes Alabama is the latest state to adopt the Insurance Data Security Model Law, a legal framework that requires insurers to develop and implement an information security program among other security standards. More than two years have passed since the… Read More

Reading Time: 2 minutes The creation of a new NYDFS division to review and respond to cybersecurity events and enforce policy around financial crimes could lead to increased oversight under the department’s watershed Cybersecurity Rule (23 NYCRR 500). A new division within New… Read More

Reading Time: 3 minutes There are two imminent Certification of Compliance deadlines with the two-year transition period around NYDFS’ Cybersecurity Regulation (23 NYCRR Part 500) set to end on March 1. Financial services companies subject to NYDFS’ Cybersecurity Regulation only have another month… Read More

Reading Time: 2 minutes Following on from Labor Day in the United States, compliance with the third of four distinct New York Department of Financial Services (NYDFS) Cybersecurity regulation (23 NYCRR 500) phases have come into effect. The regulation is intended to reduce… Read More