Legal Alert: NY DFS Publishes Final Cybersecurity Rules for Financial Services Companies

On March 1, 2017, the New York Department of Financial Services (the DFS) published a notice of adoption of its final cybersecurity regulation (the Final Regulation). The regulation was first announced with much fanfare by New York Governor Andrew Cuomo in September 2016 as the first-in-nation cybersecurity regulation to protect consumers and financial institutions. A substantially revised proposal was published in December 2016.

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