#TechnologyLaw – N.Y.’s New Cybersecurity Regulations: What Financial Services Companies Need To Know

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As an instance of regulators attempting to establish best practice principles, The New York State Department of Financial Services (NYDFS) has adopted rules requiring financial institutions to take certain measures to safeguard their data and inform state regulators about cybersecurity incidents.¬†Cybersecurity Rule requires each covered financial institution to maintain a “cybersecurity program” designed to protect the confidentiality, integrity and availability of its Information and Systems.

The original article by Nathan D. Taylor and Adam J. Fleisher of Morrison & Foerster LLP can be read here

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