This fall, New York issued a new first-in-the-nation proposed regulation to protect New York State from the growing threat of cyber-attacks. The regulation requires banks, insurance companies, and other financial services institutions regulated by the State Department of Financial Services (DFS) to establish and maintain a cybersecurity program designed to protect consumers and ensure the safety and soundness of New York State’s financial services industry. The proposed regulation by the DFS includes regulatory minimum standards while aiming to maintain flexibility so that the final rule does not limit industry innovation. Read the official announcement here.
What does this mean for your business?
In this webcast, Grant Thornton’s cyber risk professionals will provide an overview of the current financial services cyber landscape. They will also review the proposed regulation and steps your business should consider to better understand the DFS requirements, and help protect both consumers and your organization.
Learn more about the new DFS cyber regulation
Understand the timing and implications for your business
Identify steps that you can take to keep your organization on the right side of the law
Vishal Chawla, National Managing Principal, Risk Advisory Services, Grant Thornton LLP
Jeff Recor, Principal, Risk Advisory Services, Grant Thornton LLP
Download this webcast presentation.
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