Proposed Amendments to NY Financial Services Cybersecurity Regulations Impose New Obligations on Large Entities, Boards of Directors and CISOs
Hunton Privacy
AUGUST 15, 2022
The Proposed Amendments introduce a new category of “Class A Companies,” which consists of large financial institutions that would be subject to heightened requirements. Covered entities also must conduct an “impact assessment whenever a change in the business or technology causes a material change in the covered entity’s cyber risk.”
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