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ARTICLE · 13 FEBRUARY 2019

Upcoming New York State Cybersecurity Regulation Deadlines

Skadden, Arps, Slate, Meagher & Flom LLP
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As a reminder, entities covered by the New York State Department of Financial Services' (NYSDFS) Cybersecurity Regulations (23 NYCRR Part 500) ...

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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

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