Tag Archives: financial institutions

Timeline for Compliance with New DFS Cybersecurity Regulations

The deadline to comply with the first set of requirements under the new DFS Cybersecurity Regulations (“the Regulations”) is here! By today, August 28, 2017, businesses subject to the Regulations must ensure that they: Designate a Chief Information Security Officer (“CISO”) Establish a Cybersecurity Program Develop a Written Cybersecurity Policy. We have prepared an article … Continue Reading

Will More States Follow New York’s Lead?

As you know if you regularly read this blog, the New York State DFS finally finalized its “first-in-the-nation” cybersecurity rules with an effective date of March 1, 2017. And their reach is quite large: DFS-supervised entities from insurers and banks to mortgage brokers and credit unions (and their third-party service providers) will have to begin … Continue Reading

Social Media Guidance Issued For Financial Institutions

The Federal Financial Institutions Examination Counsel (FFIEC) recently issued supervisory guidance entitled “Social media:  Consumer Compliance Risk Management Guidance.”  Financial institutions are expected to use the Guidance in their efforts to ensure that their policies and procedures provide oversight and controls commensurate with the risks posed by their involvement in social media. The Guidance was … Continue Reading
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