New reporting obligations for covered entities under New York Department of Financial Services (NYDFS) Part 500 Cybersecurity Regulations went into effect on December 1, 2023. These new.
On November 1, 2023, Governor Kathy Hochul announced that the New York State Department of Financial Services ("NYSDFS") amended its Part 500 Cybersecurity Regulations.
In July 2023, the SEC adopted new cybersecurity rules for the stated purpose of enhancing and standardizing disclosures regarding cybersecurity risk management, strategy, governance and.
The New York Department of Financial Services NYDFS recently announced it has entered into a Consent Order with an insurance agency for alleged violations of New York’s Cybersecurity Regulation. The Insurance Agency agreed to pay a $1.9 million penalty to the NYDFS.