Eversheds Sutherland Cybersecurity and Privacy Insights Blog
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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...

The New York Department of Financial Services Releases Potential New Cybersecurity Rules

On November 9, Anthony Albanese, Acting Superintendent of the New York Department of Financial Services (NYDFS), sent a letter to the 18 members of the Financial and Banking Information Infrastructure Committee that outlines key regulatory proposals that NYDFS is considering as new regulations to increase financial sector cybersecurity defenses. The letter is written to “help spark...

Crunching the Numbers in NYDFS’ Cybersecurity Report

On February 9, the New York Department of Financial Services was the first insurance regulator to address cybersecurity when it issued its Report on Cyber Security in the Insurance Sector that summarizes the results of a survey completed by 43 insurers about their cybersecurity programs, costs and future plans. In their article for Law360, Sutherland Partners Mary Jane Wilson-Bilik and...

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