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Deadline Approaching under NY Cybersecurity Regulations

If your company is one of the broad group of businesses licensed by the New York Department of Financial Services (NY DFS), a very important deadline is bearing down on February 15.   Regulated entities have under Thursday to attest to their compliance with the first-in-the-U.S. cybersecurity regulations (details and links are in blog post below).   The regulations require that “the Chairperson of the Board of Directors or Senior Officer(s)” must certify (in writing) that the organization is compliant with all the cybersecurity regulations, including systems controls and testing, incident response plans, high-level approvals of written policies, appointement of a Chief Information Security Officer, and cybersecurity reviews.

NY DFS Superintendent Maria Vullo recently issued a reminder of the February 15 deadline, and announced that a cybersecurity review will be included in the DFS’ regular safety and soundness bank examinations.

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About this Author

Cynthia Larose, Privacy, Security, Attorney, Mintz Levin, Law Firm, electronic transactions lawyer
Member

Cynthia is Chair of the firm’s Privacy & Security Practice and a Certified Information Privacy Professional (CIPP).  She represents companies in information, communications, and technology, including e-commerce and other electronic transactions. She counsels clients through all stages of the “corporate lifecycle,” from start-ups through mid- and later-stage financings to IPO, and has broad experience in technology and business law, including online contracting issues, licensing, domain name issues, software development, and complex outsourcing transactions.

Cynthia has extensive...

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