New Cybersecurity Rules for Financial Institutions in New York State Take Effect November 1, 2024
Thales Cloud Protection & Licensing
OCTOBER 24, 2024
The cybersecurity regulations apply to entities overseen by the NYDFS, such as financial institutions, insurance companies, agents, and brokers, as well as banks, trusts, mortgage lenders and brokers, money transmitters, check cashers, and other related businesses. Human error was the leading cause of cloud-based data breaches.
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