From: JD Supra
Carol Gerner, Laurie Kamaiko | Sedgwick LLP
New York and Colorado have continued to take the lead in cybersecurity requirements for regulated financial institutions.
The New York Department of Financial Services (DFS), which issued the first state cybersecurity regulation directed at its regulated financial institutions, 23 NYCRR Part 500, recently updated its “Frequently Asked Questions Regarding 23 NYCRR Part 500” on July 31, 2017, to assist entities covered by the regulation in their compliance. It has also announced a new online portal for secure transmission of all notifications required under this new regulation.
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