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ARTICLE · 24 JANUARY 2023

Cybersecurity: New NYDFS Regulation Would Create Additional Board And Officer Requirements -- And Potential Liability

Frankfurt Kurnit Klein & Selz PC
Frankfurt Kurnit Klein & Selz PC
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Frankfurt Kurnit Klein & Selz PC

Frankfurt Kurnit Klein & Selz PC

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This is the fourth in a series of blog posts analyzing certain major proposed changes in the New York Department of Financial Services ("NYDFS") Cybersecurity Regulation.

United StatesTechnology

This is the fourth in a series of blog posts analyzing certain major proposed changes in the New York Department of Financial Services ("NYDFS") Cybersecurity Regulation. Our prior posts can be found here, here and here.

Previously under the NYDFS' Cybersecurity Regulation, the Chief Information Security Officer ("CISO") together with senior officer(s) were responsible for administering and enforcing a company's cybersecurity program. However, new language in the Cybersecurity Regulation threatens to change this dynamic by placing part of this responsibility on the "senior governing body" of a company. What's the impact? Here's what executives need to know.

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www.fkks.com

This post first appeared in Frankfurt Kurnit's Focus on the Data blog (www.focusonthedata.com). It provides general coverage of its subject area. We provide it with the understanding that Frankfurt Kurnit Klein & Selz is not engaged herein in rendering legal advice, and shall not be liable for any damages resulting from any error, inaccuracy, or omission. Our attorneys practice law only in jurisdictions in which they are properly authorized to do so. We do not seek to represent clients in other jurisdictions.

Originally published by the New York Legal Ethics Reporter

www.fkks.com

This alert provides general coverage of its subject area. We provide it with the understanding that Frankfurt Kurnit Klein & Selz is not engaged herein in rendering legal advice, and shall not be liable for any damages resulting from any error, inaccuracy, or omission. Our attorneys practice law only in jurisdictions in which they are properly authorized to do so. We do not seek to represent clients in other jurisdictions.

www.fkks.com

This alert provides general coverage of its subject area. We provide it with the understanding that Frankfurt Kurnit Klein & Selz is not engaged herein in rendering legal advice, and shall not be liable for any damages resulting from any error, inaccuracy, or omission. Our attorneys practice law only in jurisdictions in which they are properly authorized to do so. We do not seek to represent clients in other jurisdictions.

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