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ARTICLE · 21 AUGUST 2017

Developments In New York And Colorado Cybersecurity Regulations

Wilson Elser Moskowitz Edelman & Dicker LLP
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For the first time since New York's Cybersecurity Regulation (23 NYCRR Part 500) became effective on March 1, 2017, the Department of Financial Services (DFS) has issued Frequently Asked Questions...

United StatesTechnology

New York
For the first time since New York's Cybersecurity Regulation (23 NYCRR Part 500) became effective on March 1, 2017, the Department of Financial Services (DFS) has issued Frequently Asked Questions to assist Covered Entities in their compliance and provide guidance into the DFS's interpretation and enforcement of its newly adopted regulation.

Since the new Regulation was promulgated, Covered Entities, including banks, financial institutions and insurance companies, have faced uncertainly as to how their compliance will be assessed by DFS. With the Regulation's first deadline for implementation quickly approaching on August 28, 2017, these updated FAQs offer some much needed clarification.

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