As a reminder, entities covered by the New York State Department
of Financial Services' (NYSDFS) Cybersecurity Regulations (23
NYCRR Part 500) (Cybersecurity Regulations) are required to submit
their annual certification of compliance for calendar year 2018 no
later than February 15, 2019. In addition, the last transitional
period of the regulations will end on March 1, 2019, after which
covered entities will need to comply with the third-party service
provider provisions.
What Is Required for the Annual Certification?
The certification requires a member of the board of directors or
a senior officer responsible for the management, operations,
security, information systems, compliance and/or risk of the entity
to attest that the board of directors or the senior officer has
reviewed the entity's policies and documentation required under
the Cybersecurity Regulations and, to the best of their knowledge,
the entity's cybersecurity program was in compliance with