Impact of the NYDFS Cybersecurity Regulations
Date: Wednesday, August 9th, 2017
Time: 2-3:30 p.m.
The New York State Department of Financial Services implemented cybersecurity regulations for banks, insurers and other financial institutions effective March 1, 2017.
The final regulation requires banks, insurance companies, and other financial services institutions regulated by the Department of Financial Services to establish and maintain a cybersecurity program designed to protect consumers' private data and ensure the safety and soundness of the industry.
The financial services industry is a key target of cybersecurity attacks today. Cyber criminals can cause significant financial losses for DFS regulated entities and consumers whose private information may be revealed and/or stolen.
These new regulations require organizations to enhance and improve their cybersecurity programs and implement more formal, industry-standard cybersecurity practices. The regulation includes, but is not limited to:
- Implementing a formal program
- Program reporting to Board of Directors
- Conducting periodic risk assessments
- Maintaining written policies and procedures
- Data Encryption
- Enhanced Multi-Factor Authentication
- Third party service provider oversight
- Annual Certification
Join us for this 90-minute discussion with leading professionals in the Cybersecurity industry as we review the new regulations, alignment with current information security practices and some of the challenges organizations may face during implementation.
- Shawn H. Malone, Founder & CEO, Security Diligence, LLC
- James T. Shreve, Counsel, Buckley Sandler
Who Should Attend?
- IT Professionals
- Risk Officers
- Compliance Officers
- Cybersecurity Professionals