On December 28, the New York State Department of Financial Services (DFS) issued an updated version of its first-in-the-nation cybersecurity regulation after having “carefully considered all comments submitted” during the comment period following the issuance of the original regulation in September.
New York Releases Updated Proposed Cybersecurity Regulation
Minimum standards proposed in September have been updated to provide more wiggle room for banks, financial institutions and insurance companies operating in New York.
By
Justin Hectus and Julie Taylor
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