The New York Department of Financial Services’ (DFS) Cybersecurity Requirements for Financial Services Companies regulation is now effective as of March 1, 2017. It applies to all insurance licensees in New York (i.e., insurers, agents, brokers, registrants and others). The regulation also impacts third-party service providers who provide services to Covered Entities. On August 28, 2017, a 180-day transitional period ends and Covered Entities must submit their first certification of compliance to DFS by February 15, 2018.
The New York regulation is the most detailed cybersecurity regulation on the books. And it might not be limited to New York for very long. At the recently concluded spring meeting of the National Association of Insurance Commissioners, DFS strongly encouraged commissioners to consider adopting the regulation as its own model cybersecurity law.
In order to help you make sense of it all, PCI has teamed up with Mayer Brown and United Lex in offering a live webinar which will inform participants of what they need to know to comply with the new regulation and to answer your compliance questions. Please join us on May 2 at 1 p.m. CDT.
For more information or to register, please visit the event website.