Starting Jan. 1, New York’s New Guidelines for Cybersecurity Will Impact Banks, Insurers
In 2016, cyberattacks against banks revealed weaknesses in the security of the global banking system and created an ongoing concern for financial institution executives. This new year, bank compliance departments, which already contend with federal cybersecurity laws and industry-wide cybersecurity guidelines, will face the New York State Department of Financial Services’ (NYDFS) expansion of regulation into cybersecurity risk management. The proposed cybersecurity regulation, which is likely to come into effect in January, would apply to all entities licensed, required to be licensed, or subject to other registration requirements under New York banking, insurance or financial services laws.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
