New York State Department of Financial Services: Regulating Cybersecurity on a Global Scale?

From: New York Law Journal

Grace Period Expires for Cybersecurity Regulations in NY: What Comes Next?

F. Paul Greene

F. Paul Greene writes: The day has finally arrived for the financial services industry in New York. The new cybersecurity regulations issued by the New York State Department of Financial Services are officially in force, and for the first time, a single state is regulating cybersecurity on a potentially global scale, and it has done so via the regulatory process, not legislative action.

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