New York’s Proposed Cyber Security Rules Could Have Far-reaching Effects on Banks, Insurers, and Other Financial Firms

The New York State Department of Financial Services (NYDFS) has recently proposed a detailed and wide-ranging set of cyber security regulations for insurers, banks, and other regulated financial entities. While the proposed requirements do not spell out what means may be used to enforce the requirements, nor possible penalties, the NYDFS has broad criminal and civil… Read More