March 2, 2021

Volume XI, Number 61

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March 02, 2021

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March 01, 2021

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NYDFS Cybersecurity Certificate of Compliance Due April 15, 2021

The New York Department of Financial Services (DFS), which regulates certain covered entities and licensed persons in the financial services sector doing business in New York, recently provided guidance to its regulated entities that the annually required Certificate of Compliance with the DFS Cybersecurity Regulations must be submitted no later than April 15, 2021.

To find out whether a company is covered by the DFS Cybersecurity Regulations, DFS has established a portal to search applicable regulated entities. The portal also is used to file the annual certification. According to DFS, “All Covered Entities and licensed persons who are not fully exempt from the Cybersecurity Regulation are required to submit a Certificate of Compliance no later than April 15, 2021, attesting to their compliance for the 2020 calendar year.”

The publication further states that “if a Covered Entity or licensed person has an exemption that is still valid, they do not need to file a new Notice of Exemption in 2021.”

For more information on the DFS Cybersecurity Regulation requirements, click here.

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Copyright © 2020 Robinson & Cole LLP. All rights reserved.National Law Review, Volume XI, Number 21
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About this Author

Linn F. Freedman, Robinson Cole Law Firm, Cybersecurity and Litigation Law Attorney, Providence
Partner

Linn Freedman practices in data privacy and security law, cybersecurity, and complex litigation. She provides guidance on data privacy and cybersecurity compliance to a full range of public and private clients across all industries, such as construction, education, health care, insurance, manufacturing, real estate, utilities and critical infrastructure, marine, and charitable organizations. Linn is a member of the firm's Business Litigation Group and chairs its Data Privacy + Cybersecurity Team. She is also a member of the Financial Services Cyber-Compliance Team (CyFi ...

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