Analysis

NY Cybersecurity Rules Will Be Enforced As They Mature

Law360 (February 14, 2018, 11:01 PM EST) -- New York's financial regulator has been relatively quiet since first-of-their-kind cybersecurity rules took effect last year, but attorneys expect that the first wave of compliance certifications due Thursday and looming deadlines to implement more technically complex aspects of the regulation will trigger an enforcement blitz.

Banks, insurance companies, and other financial services institutions and licensees regulated by New York's Department of Financial Services have had to contend with the landmark cybersecurity rules since August, when the first implementation deadline hit. The inaugural round required business to adhere only to certain portions of the regulation, including the mandates to put a cybersecurity...

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