Tag Archives: DFS

And Now, in Recent New York Cybersecurity Action…

New York State Governor Andrew Cuomo and the New York State Department of Financial Services (“DFS”) have been busy on the cybersecurity front. In a press release on September 18, 2017, building upon the state’s pride in its “first-in-the-nation” cybersecurity regulations that were passed earlier this year, (which we previously discussed on our blog and … Continue Reading

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

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

Data Security in 2015 for Banks, HIPAA Covered Entities, and Small Businesses Too

Some have called 2014 the “Year of the Data Breach.” That may be true given the steady stream of large-scale data breaches affecting tens of millions of individuals. We do not know if this time next year commentators will be saying the same thing about 2015, but there are signs pointing to a significant tightening … Continue Reading
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