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First Compliance Hurdle for New York Department of Financial Services Cybersecurity Regulations due August 28

    The New York State Department of Financial Services (DFS) has set cybersecurity regulations that require minimum standards for protecting the customer information and information systems of the financial services industry. Unless an exemption applies, the deadline to comply with the first set of requirements under the new DFS Cybersecurity Regulations is August 28, 2017.

    Businesses "operating under or required to operate under a license, registration, charter, certificate, permit, accreditation or similar authorization under the Banking Law, the Insurance Law or the Financial Services Law" (each a "Regulated Entity" or "RE") are covered by the Regulations. The broad array of entities covered is listed on the DFS website.

    Please click here to read a summary of the upcoming deadlines and the first set of regulatory requirements written by Jackson Lewis attorneys Joe Lazzarotti and Damon Silver. 

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