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ARTICLE · 31 OCTOBER 2024

Amendments To NYDFS' Cybersecurity Regulations Take Effect November 1

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The New York Department of Financial Services has modified its cybersecurity requirements for regulated entities. These requirements are in addition to those included in the regulations as last updated in November of last...

United StatesTechnology
Liisa Thomas
Liisa Thomas
Charles Glover
Charles Glover
James O'Reilly
James O'Reilly
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The New York Department of Financial Services has modified its cybersecurity requirements for regulated entities. These requirements are in addition to those included in the regulations as last updated in November of last year. The new requirements go into effect November 1, 2024. They modify several parts of the rule, including:

  • CISOs reporting requirements: Under the current regulations, CISO must report on cybersecurity to the company's leadership. The revised regulations now require the report to include information about remediation plans. Separate from the annual report, the CISO will also need to report any material cybersecurity issues (like a breach) to senior officers.

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