Amended N.Y. cyber regs up pressure on financial firms to combat risks
By 
Adrianne Appel2023-11-03T10:03:00
New York will require financial institutions to conduct risk assessments more often and improve governance under a broad update to the state’s cybersecurity regulations.
The final amended rules are intended to improve risk mitigation and enhance cyber governance within the financial sector, said Gov. Kathy Hochul on Wednesday. The update amends the state’s 2017 cybersecurity regulations, which are enforced by the New York State Department of Financial Services (NYDFS).
The NYDFS will explain the amendments to businesses through a series of seminars, Hochul said.
THIS IS MEMBERS-ONLY CONTENT
You are not logged in and do not have access to members-only content.
If you are already a registered user or a member, SIGN IN now.
Related articles
-
News BriefNYDFS offers cyber rule compliance template for small businesses
The New York State Department of Financial Services issued guidance for small businesses attempting to comply with its cybersecurity regulations.
-
News BriefNYDFS issues guidance for responding to climate-related risks
The New York State Department of Financial Services issued guidance to regulated banking and lending institutions on managing material financial and operational risks related to climate change.
-
News BriefN.Y. hospitals face stiff cybersecurity requirements under proposed rules
New York hospitals would be required to have a cybersecurity program that includes regular cyber risk assessments under newly proposed regulations.
More from Regulatory Policy
-
News BriefIs Google headed for a breakup? Second federal judge calls it a monopoly
A federal judge has ruled that Google “willfully engaged in a series of anticompetitive acts” in the advertising technology industry, the latest antitrust setback in what could become a string of losses for tech companies.
-
PremiumAI regulation: U.K. sits on regulatory fence between U.S. and E.U.
The U.K. has pressed pause on artificial intelligence regulation as its government comes under twin pressures from those who fear the growing power of unregulated AI and the overriding need to generate growth. The postponement of long-expected legislation means that the U.K. is left sitting on the fence between federal ...
-
News BriefSenate Democrats urge DOJ to revive crypto crime unit amid growing enforcement concerns
A small band of Senate Democrats is calling on the Trump administration to reinstate the cryptocurrency investigations unit at the Department of Justice (DOJ).