New York’s New Cyber Law Is Beginning to Byte

In late 2016, in response to the “ever-growing threat” posed to information and financial systems, the New York State Department of Financial Services (DFS) proposed cybersecurity regulations to “promote the protection of customer information and information technology systems of regulated entities.” The DFS defined “covered entities” as any person operating under or required to operate under a license, registration, charter, certificate, permit, accreditation or similar authorization under the Banking Law, the Insurance Law, or the Financial Services Law of New York.  Banks, insurance companies, and…
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