NY DFS Cyber Rule Effective March 1, 2017


In a press release, Governor Andrew Cuomo said New York State’s “first-in-the-nation cybersecurity regulation” will be applicable starting March 1, 2017. “The final regulation requires banks, insurance companies, and other financial services institutions regulated by the Department of Financial Services to establish and maintain a cybersecurity program designed to protect consumers’ private data and ensure the safety and soundness of New York’s financial services industry.”

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