Getting in Shape – NYDFS (23 NYCRR 500) Cyber Security Regulations

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Presented by

Shawn Tuma, Cybersecurity & Data Protection Attorney, Scheef & Stone LLP & Bill Belcher, VP Americas, Boldon Jame

About this talk

In an initiative to protect New York’s financial services industry, a new State regulation has been introduced to protect consumers and financial institutions from cyber-attacks. Effective March 1, 2017, this risk-driven regulation requires all financial services institutions regulated by the Department of Financial Services (DFS) to establish and maintain a cyber security program that will protect both customers’ private data and the technology that supports this. The impact stretches down through the supply chain, as any organization that conducts business with the NYC financial services sector has to adopt the same level of data protection.

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