NY Cybersecurity Rules: Preparing For The August Deadline

By Theodore Augustinos (July 26, 2017, 12:13 PM EDT) -- The new cybersecurity regulation of the New York Department of Financial Services (Part 500 of Title 23 of the Official Compilation of Codes, Rules and Regulations of the State of New York), which became effective March 1, 2017, rolls out its various and onerous compliance requirements according to transition dates scheduled over the next two years. The first of the transition dates is 180 days after the March 1 effective date, or Aug. 28, 2017. By then, many entities and individuals regulated by the DFS (including insurance companies and producers, banking and lending institutions, and others), and even those subject to certain of the exemptions, will be required to be in compliance with several of the regulation's requirements....

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