This regulation sets cybersecurity requirements for financial service entities that operate in New York State. With malicious actors using increasingly sophisticated attempts to breach systems and seize data, the amount of cybersecurity regulations will continue to snowball.
UPDATE 10/1/17 – Limited Exemption Filing deadline extended to October 30th, 2017 On March 1st of this year, the clock started ticking for compliance with 23 NYCRR 500 regulations. The Department of Financial Services put out this “first-in-the-nation” cybersecurity regulation due to the increase of consistency and sophistication of cyber attacks over recent years. Although […]