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Global Media and Communications Watch The International Legal Blog for the Tech, Media and Telecoms Industry
Posted in Data Protection & Privacy

New York Department of Financial Services Cybersecurity Rules Revised and Delayed

shutterstock_71527090-300x194The New York Department of Financial Services (NYDFS) just issued major revisions to the cybersecurity regulations for financial institutions that were due to come into effect on January 1, 2017. To allow covered institutions more time to implement the rules, the effective date will now be March 1, 2017, with a series of staggered implementation dates beyond this. There are several notable substantive changes in the revised rules.

Click here to learn more about the major changes to the proposed rules, timing and implementation details, and how to prepare for the new requirements as well as other related cybersecurity developments.

For more details on the NYDFS cybersecurity regulations for financial institutions, please see our previous blog post.