Analysis

3 Things You Need To Know About NY's Latest Cyber Regs

Law360 (August 30, 2018, 6:23 PM EDT) -- Companies will need to destroy old data, safeguard their information reserves and retrace breaches using digital bread crumbs as part of new rules taking effect Tuesday in New York state's first-of-its-kind cybersecurity regulation. 

Here, Law360 breaks down three issues insurance companies, banks and other financial services institutions licensed by New York's Department of Financial Services may be grappling with as the regulation's 18-month transitional period that began in March 2017 comes to an end.

Deciding How to Dispose of Data

Perhaps the trickiest of the new rules requires companies to have policies and procedures for getting rid of sensitive private data that...

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