cybersecurity

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On Nov. 9, 2022, the New York Department of Financial Services (NYDFS) issued a proposed second amendment to its 2017 cybersecurity regulation for financial service companies.[1] In July 2022, NYDFS issued a draft version of the changes, but the current amendment has significant changes. Most of the proposed changes will take effect 180 days…

On Nov. 9, 2022, the New York Department of Financial Services (NYDFS) issued a proposed second amendment to its 2017 cybersecurity regulation for financial service companies.[1] In July 2022, NYDFS issued a draft version of the changes, but the current amendment has significant changes. Most of the proposed changes will take effect 180 days…

Go-To Guide:

  • The Safeguards Rule compliance deadline is delayed by six months
  • Eight subsections of the Safeguards Rule are affected by the delay
  • The new effective date for compliance is June 9, 2023
  • The FTC cited implementation challenges for small business as the reason for the delay.

On Nov. 15, 2022, the Federal Trade Commission…