'; Whiteman Osterman & Hanna LLP

December 30, 2016

Revised Cybersecurity Rules for New York’s Financial Services Industry

New York’s “first-in-the-nation” financial services cybersecurity rules moved one step closer to reality this week, with issuance of proposed revised rules by the Department of Financial Services.  The revised rules cover every DFS-regulated business, including but not limited to banks, credit unions, insurers, and mortgage companies. The revised rules also indirectly affect third parties who have access to a DFS-regulated entity’s information systems and/or nonpublic information, including but not limited to IT service providers, accountants, auditors and law firms.  Click here for more information.