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Proposed Amendments to NY Financial Services Cybersecurity Regulations Impose New Obligations on Large Entities, Boards of Directors and CISOs

Hunton Privacy

of the Proposed Amendments, unless a reasonable equivalent is approved by the CISO, Class A Companies must implement (1) an endpoint detection and response solution to monitor anomalous activity, including lateral movement; and (2) a centralized solution for logging and security event alerting. Additional Requirements.

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NYDFS proposes significant cybersecurity regulation amendments

Data Protection Report

The proposed changes mark a turn by NYDFS toward more specific, granular and prescriptive requirements notably with respect to governance, risk assessments and asset inventories (detailed below). Governance. Cybersecurity Event Notification Would Expand. The Proposed Regulation Changes. Notifications to DFS. 500.17).