on May 21, 2018The New York Department of Financial Services (DFS)'s cybersecurity regulation, 23 NYCRR 500 became effective March 1, 2017, with a two-year implementation period. The regulation requires all DFS regulated entities, subject to certain exemptions, to adopt the core requirements of a cybersecurity program, including a cybersecurity policy, effective access privileges, cybersecurity risk assessments, and training and monitoring for all authorized users, among other requirements.
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The source of this content comes from the New York State Department of Financial Services website.
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