Home / News I have a News Tip

New Cybersecurity Regulations in New York Go Into Effect

Major financial firms operating in New York will face stiff cybersecurity obligations starting Wednesday under a new regulation introduced in the city. Out-Law.com reports: "The new regulation (14-page / 342KB PDF) has been set by the New York State Department of Financial Services (DFS) and will apply to firms holding a banking, insurance or financial services licence to operate in New York. ... The rules are effective from 1 March, but firms will have 180 days to make any changes necessary to comply before enforcement action would be threatened ... Under the new rules, financial services companies will be required to 'maintain a cybersecurity program' that can 'protect the confidentiality, integrity and availability' of their information systems. The program must incorporate detect, defence and response mechanisms, including regulatory reporting obligations, as well as penetration testing."

Related topics: Cybercrime, Cybersecurity, Law, Policy & Regulation

 
   

Don't miss a thing – get the Weekly Wrap delivered to your inbox.

Comments

To post comments, please login or create an account.

Related Blogs

Related News

Explore Topics

Dig Deeper

Cybersecurity

Sponsored by Verisign

Mobile Internet

Sponsored by Afilias Mobile & Web Services

DNS Security

Sponsored by Afilias

IP Addressing

Sponsored by Avenue4 LLC

Promoted Posts

Buying or Selling IPv4 Addresses?

ACCELR/8 is a transformative IPv4 market solution developed by industry veterans Marc Lindsey and Janine Goodman that enables organizations buying or selling blocks as small as /20s to keep pace with the evolving demands of the market by applying processes that have delivered value for many of the largest market participants. more»

Industry Updates – Sponsored Posts

Verisign Named to the Online Trust Alliance's 2017 Audit and Honor Roll

Why the Record Number of Reverse Domain Name Hijacking UDRP Filings in 2016?

Attacks Decrease by 23 Precent in 1st Quarter While Peak Attack Sizes Increase: DDoS Trends Report

Leading Internet Associations Strengthen Cooperation

i2Coalition to Present Tucows CEO Elliot Noss With Internet Community Leadership Award

Verisign Releases Q4 2016 DDoS Trends Report: 167% Increase in Average Peak Attack from 2015 to 2016

Michele Neylon Appointed Chair Elect of i2Coalition

Verisign Q3 2016 DDoS Trends Report: User Datagram Protocol (UDP) Flood Attacks Continue to Dominate

2016 U.S. Election: An Internet Forecast

Government Guidance for Email Authentication Has Arrived in USA and UK

ValiMail Raises $12M for Its Email Authentication Service

MarkMonitor Supports Brand Holders' Efforts Regarding .Feedback Registry

Don't Gamble With Your DNS

Defending Against Layer 7 DDoS Attacks

Understanding the Risks of the Dark Web

New TLD? Make Sure It's Secure

Verisign Releases Q2 2016 DDoS Trends Report - Layer 7 DDoS Attacks a Growing Trend

How Savvy DDoS Attackers Are Using DNSSEC Against Us

Facilitating a Trusted Web Space for Financial Service Professionals

MarkMonitor Partners with CYREN to Deepen Visibility into Global Phishing Attacks