UpGuard Blog

Roane Holman

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New York Cybersecurity Regulations Explained (Updated)

Recently, New York’s Department of Financial Services and Gov. Andrew Cuomo released their long-awaited proposal for cybersecurity regulations regarding banking and financial services companies. The proposal, if implemented, would be the first mandatory state-level regulations on cybersecurity and promises to deliver sweeping protections to consumers and financial institutions alike. In Gov. Cuomo’s words: "This regulation helps guarantee the financial services industry upholds its obligation to protect consumers and ensure that its systems are sufficiently constructed to prevent cyberattacks to the fullest extent possible."

Filed under: compliance, government, NY, Regulations