NY DFS Cybersecurity Regulations Delayed Several Months: We hate to say we told you so … but we will anyway.
According to an article in Reuters — Exclusive: NY Financial Regulator to Delay Cyber Security Rules, the New York State Department of Financial Services is going to publish an updated version of its cybersecurity rules by the end of December and then delay implementation until March 1, 2017, after the public review period has concluded. It would […]
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Opinion: Judith Germano recently wrote an article in Forbes entitled “Proposed NY Cybersecurity Regulation: A Giant Leap Backward?” We covered these Proposed Department of Financial Services Regulations (“DFS”) in a couple of previous posts; “N.Y. Regulators Consider Cybersecurity Requirements for Banks and Insurers” and “New York: Proposed Regulations for Cybersecurity come up Short” and some of the […]
Opinion: NY’s Proposed Cybersecurity Regulations come up Short Governor Cuomo released proposed regulations yesterday through the Department of Financial Services (“DFS”) that would require Covered Entities to hire Chief Information Security Officers (“CISO”) and perform a number of other cybersecurity tasks which seems like a good step towards enhanced cybersecurity, but is it really?
Governor Cuomo Announces Proposal of First-in-the-Nation Cybersecurity Regulation to Protect Consumers and Financial Institutions (NY: Department of Financial Services): The Department of Financial Services (“DFS”) issued a press release today indicating that regulations have been proposed that will require multiple entities operating within the insurance and financial services sector to develop and maintain cybersecurity programs. […]