Hogan Lovells partners Harriet Pearson and Greg Lisa discuss how companies should prepare so that they are compliant with the proposed cybersecurity regulation from the New York State Department of Financial Services (NYDFS), which will go into effect in March 2017.
Lisa said that if they have not done so already, companies need to put together a very detailed and intentional risk assessment that is specific to their organization. Companies See more +
Hogan Lovells partners Harriet Pearson and Greg Lisa discuss how companies should prepare so that they are compliant with the proposed cybersecurity regulation from the New York State Department of Financial Services (NYDFS), which will go into effect in March 2017.
Lisa said that if they have not done so already, companies need to put together a very detailed and intentional risk assessment that is specific to their organization. Companies also need to put together the rest of their documentation, including encryption protocols. This documentation would serve as a footpath for a regulator to retrace the steps that a company took on cybersecurity.
This NYDFS cybersecurity regulation will impact banks, insurance companies, and other financial services institutions. See less -
