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Proposed Regulation NYDFS Cybersecurity

Goodwin

2023 Year in Review: Data Privacy and Cybersecurity

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Welcome to the Data Privacy and Cybersecurity chapter of our annual report Consumer Financial Services 2023 Year in Review. Looking Ahead to 2024 - Amendments to key rules and regulations will take effect in 2024,...more

Jones Day

New York Governor Proposes Stringent Cybersecurity Regulations for Hospitals

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New York is the first state to propose cybersecurity requirements for all hospitals operating in the state to address patient safety and other cybersecurity related issues....more

Dechert LLP

Dechert Cyber Bits - Issue 37

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California Court Pauses Enforcement of Most Recent CCPA Regulations until March 2024 - On June 30, 2023, the Superior Court of California, County of Sacramento (California Chamber Of Commerce v. California Privacy...more

Ballard Spahr LLP

NYDFS Announces Updated Cybersecurity Regulation

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On November 9, 2022, New York Department of Financial Services (NYDFS) Superintendent Adrienne Harris announced that the NYDFS formally proposed an updated cybersecurity regulation.  Although the updates had previously been...more

White and Williams LLP

The Big Change in Cybersecurity Regulation That No One Is Talking About

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The close of 2019 witnessed a significant development in data security law that impacts companies regulated with respect to or engaged in the trading of public securities, as well as those companies that provide services to...more

Ballard Spahr LLP

NY Dept. of Financial Services issues proposed student loan servicer regulations

Ballard Spahr LLP on

The New York Department of Financial Services (NYDFS) has issued proposed regulations to implement the legislation enacted in April 2019 that requires servicers of student loans to be licensed, imposes servicing standards,...more

Ballard Spahr LLP

NYDFS Proposes Regulation of Consumer Reporting Agencies

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Last week, New York Governor Andrew Cuomo issued a press release directing the New York Department of Financial Services (“NYDFS”) to impose new rules on consumer reporting agencies (“CRAs”). The proposed regulation would...more

Patterson Belknap Webb & Tyler LLP

Equifax: The Empire State Strikes Back

Yesterday, New York Governor Andrew M. Cuomo announced that he has directed the Department of Financial Services (DFS) to issue a new regulation requiring “credit reporting agencies to register with” the DFS, as well as...more

Bond Schoeneck & King PLLC

New York Institutions: Exemption from Cybersecurity Regulations Sought by Bond Granted in Final Regulations Issued by Department...

Last month, Bond, Schoeneck & King sought an exemption from cybersecurity regulations proposed by the New York State Department of Financial Services (DFS) for colleges, universities and other charitable organizations that...more

Bond Schoeneck & King PLLC

Cybersecurity and Data Privacy: Bond Public Comments on Department of Financial Services Proposed Cybersecurity Regulations Seek...

On September 13, 2016, the New York State Department of Financial Services (DFS) issued proposed cybersecurity regulations (Proposed Regulations) that would impose significant new obligations on all organizations covered by...more

BCLP

What Will The Proposed New York Cybersecurity Requirements For Financial Institutions Really Make Companies Do?

BCLP on

In early September 2016, the New York Department of Financial Services (“DFS”) proposed a set of data security regulations (the “Proposal”) that would govern financial institutions, banks, and insurance companies subject to...more

Holland & Knight LLP

New York Department of Financial Services Revises Proposed Cybersecurity Rule

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The New York Department of Financial Services (NYDFS) recently issued a revised proposed regulation seeking to add its own mandate of cybersecurity requirements to those already in existence for banks, insurance companies and...more

Jackson Lewis P.C.

New York Releases Revised Proposed Cybersecurity Regulations

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The New York State Department of Financial Services (“DFS”) has released a revised version of its proposed cybersecurity regulations, which set regulatory minimum standards for protecting the customer information and...more

Bond Schoeneck & King PLLC

Cybersecurity and Data Privacy: New York State Department of Financial Services to Implement Regulations Applicable to All...

Following a public comment period, the New York State Department of Financial Services (DFS) has published a modified version of new regulations, previously issued on September 13, 2016, aimed at creating higher cybersecurity...more

Proskauer on Privacy

Financial Industry Groups Criticize New York Department of Financial Services Cybersecurity Proposal

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As we previously reported, in September 2016 the New York Department of Financial Services (the “DFS”) proposed a regulation that would require banks, insurance companies and other financial services institutions regulated by...more

Latham & Watkins LLP

Financial Institutions Await Response to Concerns Over NYSDFS’ Proposed Cybersecurity Rules

Latham & Watkins LLP on

Comments submitted on the proposed regulations criticize the lack of a risk-based approach, overbroad definitions, potential extraterritorial implications, an excessive breach notification threshold and a daunting annual...more

Jackson Lewis P.C.

DFS’ Proposed Cybersecurity Regulation Edges Closer to Becoming Final Following Public Hearing

Jackson Lewis P.C. on

The New York State Assembly Committee on Banks held a public hearing on December 19, 2016, receiving testimony about both the benefits and challenges of a recently proposed regulation to address the growing threat posed by...more

Davis Wright Tremaine LLP

NY Proposes Cybersecurity Regulations for Financial Services

Banks, insurers, and other financial services companies in the Empire State may have to abide by new cybersecurity regulations come January 1, 2017. On September 13, New York Governor Andrew Cuomo and the New York...more

Proskauer on Privacy

New York Department of Financial Services Proposes Cybersecurity Regulation

Proskauer on Privacy on

On September 13, 2016, New York Governor Andrew Cuomo announced that the New York Department of Financial Services (the “DFS”) proposed a regulation that would require banks, insurance companies, and other financial services...more

Carlton Fields

What You Must Know about New York’s Proposed Cybersecurity Regulation for the Banking, Insurance, and Financial Services Sectors

Carlton Fields on

Recently, New York’s Department of Financial Services released its long-awaited proposed cybersecurity regulation, which promises to deliver sweeping protections to consumers and financial institutions alike. The proposed...more

Blank Rome LLP

New Cybersecurity Regulations for Financial Services Companies in New York State

Blank Rome LLP on

Action item: Banking, insurance, and other financial services companies in New York State must be aware of new comprehensive cybersecurity regulations proposed by the Department of Financial Services that will require covered...more

A&O Shearman

NYS Financial Services Department Proposes Cybersecurity Regulations

A&O Shearman on

The New York State Department of Financial Services proposed regulations requiring banks, insurance companies and other NYDFS-regulated institutions to promptly adopt a cybersecurity program and setting forth certain minimum...more

Poyner Spruill LLP

As Goes New York So Goes The Nation? Ten Highlights From New York’s Proposed Cybersecurity Rules For Banks, Insurance and...

Poyner Spruill LLP on

In a presidential election year, Americans are often reminded that “As Ohio goes, so goes the nation.” When it comes to banks, insurers and financial institutions, it may be equally true to say “As goes New York, so goes the...more

Miles & Stockbridge P.C.

Proposed Cybersecurity Regulations for NY Licensed Financial Services Entities

New York Governor Andrew M. Cuomo recently announced a proposed regulation to protect New York State from the ever-growing threat of cyber-attacks. The proposed regulation requires banks, insurance companies, and other...more

Eversheds Sutherland (US) LLP

NY DFS Announces Proposal for Cybersecurity Rules for Financial Services Companies

On September 13, 2016, New York Governor Andrew Cuomo announced a proposal by the New York Department of Financial Services (the DFS) of a rule that establishes cybersecurity requirements for financial services companies...more

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