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From our colleagues Carla Small, Jim Halpert and Anne Kierig
Governor Andrew Cuomo has announced final cybersecurity rules for New York’s financial services sector.
The Cybersecurity Requirements for Financial Services Companies (the Final Rule), promulgated by the New York Department of Financial Services, is the most specific cybersecurity regulation in the country to apply to companies that are not critical infrastructure operators.
They apply to all New York-licensed financial services companies including banking, insurance and money transmission business lines, with very limited exceptions.
Read more here.