December 19, 2023Cybersecurity, Privacy & Data Protection, State Privacy Policy, Consumer Data Protection
On November 1, 2023, the New York Department of Financial Services (NYDFS) announced the adoption of amendments to its Cybersecurity Regulation 23 NYCRR Part 500 (“Amended Cybersecurity Rules” or “Amended Rules”). NYDFS adopted changes following formal notice and comment on the proposed amendments released in June 2023 (please find our piece on the proposed amendments here). NYDFS also released an “Assessment of Public Comment” describing why it adopted or rejected certain comments, providing a helpful sight into the Department’s approach to the Cybersecurity Regulation.
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