On February 16, 2017, the New York Department of Financial Services (“DFS”) issued the final version of its cybersecurity regulation. The regulation, which has seen several iterations since it was first proposed in September...more
Over the last few months, the New York Department of Financial Services (“DFS”) cybersecurity regulation has undergone multiple revisions. But late last week, DFS issued its final regulation, which will go into effect on...more
2/21/2017
/ Banks ,
Chief Information Security Officer (CISO) ,
Corporate Governance ,
Cybersecurity ,
Department of Financial Services ,
Final Rules ,
Financial Institutions ,
Insurance Industry ,
Notification Requirements ,
NYDFS ,
Third-Party Service Provider
New York’s Department of Financial Services issued its final Cybersecurity Regulation last night with an effective date of March 1, 2017. ...more
Last year was the first that national banks and federal savings associations subject to supervision by the Office of the Comptroller of the Currency (“OCC”) were armed with a sense of the agency’s regulatory expectations when...more
1/28/2017
/ Banks ,
Cybersecurity ,
Data Security ,
Department of Financial Services ,
FDIC ,
Federal Bank Regulatory Agencies ,
Federal Reserve ,
Financial Institutions ,
OCC ,
Risk Assessment ,
Risk Mitigation
This is our final installment in a three-part series examining the New York State Department of Financial Services (“DFS”) new cybersecurity regulation. In this installment, we provide an overview of the regulation’s impact...more
This is our second installment in a three-part series examining the New York State Department of Financial Services (“DFS”) new cybersecurity regulation. In this installment, we provide an overview of the regulation’s impact...more
This is the first installment in a three-part series examining the New York State Department of Financial Services (“DFS”) new cybersecurity regulation. The Patterson Belknap Privacy and Data Security Team has studied the...more
Boards of directors remain increasingly exposed to the threat of liability arising from data breaches and other cyber-incidents.
Nearly a year ago, Senators Jack Reed and Susan Collins introduced the Cybersecurity...more