Newly Revised NYDFS Cyber Requirements for Financial Services Companies

By Caitlin Kaplan on July 7, 2023

Posted in Corporate Governance, Cybersecurity, Events, Financial Services, Regulatory, Tech

Webinar: July 12, 2023

3:00 p.m. – 4:00 p.m. EDT

The New York Department of Financial Services (NYDFS) has proposed revisions to its cybersecurity regulation for banks, insurance companies and other financial services companies. The proposal significantly expands requirements for covered entities, including new requirements for larger companies, expanded governance requirements, additional notice and compliance certification requirements and more.

In this webinar, members of Mayer Brown’s Cybersecurity & Data Privacy practice will cover the:

Key changes from the current regulation and differences from the prior proposal after the first round of notice-and-comment
Likely impact on companies and their compliance and cybersecurity programs
Practical effects of the expanded notification obligations

Also see the related Legal Alert, NYDFS Expands Cybersecurity Requirements for Licensed Financial Services Companies, which provides a section-by-section analysis of new requirements in the NYDFS updated proposed amendments to its cybersecurity regulation.