NYDFS releases major update to Part 500 cybersecurity requirements for financial services companies
Data Protection Report
NOVEMBER 8, 2023
Noticeably, covered entities are now subject to new requirements imposing heightened responsibilities on Chief Information Security Officers (“CISOs”) and more specific and prescriptive requirements in relation to governance, risk assessments, and notifications to the NYDFS. f), is sufficient to trigger this new notice requirement.
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