Tag Archives: New York State Assembly Committee on Banks

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

At Last, the Final DFS Cybersecurity Regulations….

We wanted to keep you informed on the progress of the DFS cybersecurity regulations, as they complete their journey through the approval process. DFS has been working on the regulations since its 2013-2014 studies on cybersecurity risks to financial institutions. As reported in our article, Getting Prepared for the New York Department of Financial Services’ … Continue Reading

DFS’ Proposed Cybersecurity Regulation Edges Closer to Becoming Final Following Public Hearing

The New York State Assembly Committee on Banks held a public hearing on December 19, 2016, receiving testimony about both the benefits and challenges of a recently proposed regulation to address the growing threat posed by cyber-attacks on banks, insurance companies and most other entities which are regulated by the Department of Financial Services (DFS). The … Continue Reading
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