On November 1, 2024, the next phase of several significant amendments to the New York Department of Financial Services’ (NYDFS) cybersecurity regulation take effect. These specific amendments, enacted in 2023, impact the scope of entities covered by the regulation and require covered entities to implement enhanced governance, business continuity and encryption standards. NYDFS regulates more than 3,000 financial institutions with assets totaling more than $9.7 trillion, including banks, money…
By: Pillsbury Winthrop Shaw Pittman LLP
By: Pillsbury Winthrop Shaw Pittman LLP
