December 29, 2016 BY Valentina Kirilova

New York State DFS issues updated proposed cybersecurity regulation protecting consumers and financial institutions

Financial Services Superintendent Maria T. Vullo announced that the New York State Department of Financial Services (DFS) has updated its proposed first-in-the-nation cybersecurity regulation to protect New York State from the ever-growing threat of cyber-attacks. The proposed regulation, which will be effective March 1, 2017, will require banks, insurance companies, and other financial services institutions…

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