New York Department of Financial Services Issues First Guidance by a U.S. Regulator Concerning Cyber Insurance
Data Matters
FEBRUARY 10, 2021
On February 4, 2021, the New York Department of Financial Services (NYDFS) issued Circular Letter No. Educate Insureds and Insurance Producers. As NYDFS notes in its press materials, the department’s goal in promulgating this Framework is “to facilitate the continued growth of a sustainable and sound cyber insurance market.”
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