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Cybersecurity Gym Junkies: NYSDFS Flexes New Regulations for a Bumpy Ride Ahead!
The NYSDFS Cybersecurity Regulation Amendments are the Arnold Schwarzenegger of data protection. With an imposing 24-hour extortion payment reporting requirement and increased governance obligations, these rule changes are no joke. So, dust off your cybersecurity leotard and get ready, because it’s time to flex those…
Hot Take:
Hot off the press: the New York State Department of Financial Services (NYSDFS) has beefed up its cybersecurity regulations like a gym-junkie on protein shakes. The new rules are the first significant change since 2017 and let's just say, they don't mess around. Extortion payments now come with a 24-hour reporting requirement and governance obligations have been upped. Oh, and if you thought you had it tough, "Class A" entities now have a whole new level of data protection requirements to grapple with. So, tighten up those cybersecurity seat belts folks, it's going to be a bumpy ride!Already a member? Log in here