What is the New York Cybersecurity Regulation? What you need to do to comply
In March 2017, the New York State Department of Financial Services (DFS) implemented 23 NYCRR 500, generally referred to as the New York Cybersecurity Regulation. Its aim is to encourage financial services firms doing business in the state to minimize their security risks. Although many experts see the regulation as flawed, 23 NYCRR 500 is expected to set a precedent for cybersecurity laws and regulations in other states.