<p><span>Superintendent of Financial Services Adrienne A. Harris announced today that the New York State Department of Financial Services (DFS) proposed an updated cybersecurity regulation. DFS’s original </span><a class="external" target=" blank" rel="noreferrer noopener" href="https://govt.westlaw.com/nycrr/Browse/Home/NewYork/NewYorkCodesRulesandRegulations?guid=I5be30d2007f811e79d43a037eefd0011&originationContext=documenttoc&transitionType=Default&contextData=(sc.Default)">regulation</a><span>, which DFS promulgated in 2017, established a regulatory model that is now used by both federal and state financial regulators. DFS has taken a data-driven approach to amending the regulation to ensure that regulated entities address new and increasing cybersecurity threats with the most effective controls and best practices to protect consumers and businesses. </span>
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Department of Financial Services proposes more data collection to determine how well banking institutions in NY are serving women and minority owned businesses
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