New York Department of Financial Services has adopted new Cybersecurity Regulations

NYS DFS 23 NYCRR 500 Regulations (Effective March 1, 2017) New York State Dep’t of Financial Services, Governor Cuomo Announces Proposal of First-in-the-Nation Cybersecurity Regulation to Protect Consumers and Financial Institutions. Insurance companies and other organizations regulated by the New York State Department of Financial Services (NYDFS) , effective March 1, 2017, are subject to strict and specific cybersecurity regulations as outlined below. The following table summarizes each section of the cybersecurity regulations, which requires a DFS regulated entity (not exempted from paragraph 500.19) [...]