The Clock Is Ticking on NY-DFS MFA Requirements
On March 1, 2017, the Department of Financial Services enacted a regulation establishing cybersecurity requirements for financial services companies, 23 NYCRR Part 500 (referred to below as “Part 500” or “the Cybersecurity Regulation”). As a result of investigating hundreds of cybersecurity incidents, Part 500 was amended, increasing the amount and type of security measures organizations […]