On March 1, 2017, the revised Cybersecurity Requirements for Financial Services Companies adopted by the New York Department of Financial Services (NY DFS) became effective. This regulation requires banks, insurance companies, and other financial services institutions to establish and maintain a cybersecurity program and to take other measures to protect against data breaches and cyber attacks. This action by the NY DFS is a significant development in the regulatory landscape for cybersecurity. Even financial institutions not subject to regulation by the NY DFS should be aware that this regulation may be the first in a series of incremental steps by state and federal banking regulators as they continue to consider ways to enhance protection of digital information and management of cyber risks.
SPEAKERS
Shannon VanVleet Patterson - Of Counsel, Troutman Sanders LLP
Sheila M. Pham - Associate, Troutman Sanders LLP
PROFESSIONAL CREDIT
1 hour CLE credit for attending the live webinar is pending.
WEBINAR SERIES
We will continue to offer webinars related to cybersecurity, information governance, and privacy involving legal and business issues affecting companies across nearly every industry.
If you have any questions about this series or to suggest topics, please contact us.
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