Cybersecurity risks pose serious threats to investors, capital markets, and the country. Observably, the risk-concern is the dependency of the U.S. economy on effective cybersecurity and resiliency which are the life-blood of reliable information and communications technology, systems, and networks.
New York State’s Department of Financial Services (DFS) passed a cybersecurity regulation directed at financial institutions doing business in the state. The regulation, 23 NYCRR Part 500, is in response to an ever-growing threat posed to information and financial systems by nation-states, terrorist organizations and independent criminal actors. The cybersecurity requirements from the DFS are […]