Staying One Step Ahead of Cyber Criminals: NYDFS Updating Cybersecurity Regulation for 2023
Since 2017, the New York Department of Financial Services (NYDFS) cybersecurity regulation has established minimum cybersecurity requirements for financial services companies that are licensed or registered by NYDFS. The regulation is set to be updated[1] in 2023 to address the ever-increasing sophistication and scope of cyber threats. NYDFS issued a draft regulation last November, and…