Citing “escalating global conflict,” the New York Department of Financial Services issued an alert on Monday, June 22, 2025, to its regulated covered entities, urging them to be vigilant against potential security threats,...more
6/27/2025
/ Covered Entities ,
Cyber Attacks ,
Cybersecurity ,
Data Security ,
Financial Services Industry ,
Global Disputes ,
Multi-Factor Authentication ,
NYDFS ,
Phishing Scams ,
Ransomware ,
Regulatory Requirements ,
Reporting Requirements ,
Risk Assessment ,
Risk Management
New reporting obligations for covered entities under New York Department of Financial Services (NYDFS) Part 500 Cybersecurity Regulations went into effect on December 1, 2023. These new requirements are one portion of the...more
The New York Department of Financial Services (NYDFS) adopted a long-expected amendment to its Part 500 Cybersecurity Regulations (Part 500) this week. These are the first significant changes to Part 500 since its inception...more
The New York Department of Financial Services (“NYDFS”) released a “revised proposed second amendment” on June 28 that makes further changes to its Cybersecurity Regulation (“23 NYCRR Part 500”). Part 500 was first enacted in...more