NYDFS proposes significant cybersecurity regulation amendments
September 05, 2022
On July 29, 2022, the New York Department of Financial Services (NYDFS) announced a “pre-proposed outreach” of material proposed changes to almost every section of its cybersecurity regulations, and would affect each entity covered by the current regulations of 23 NYCRR Part 500. Because this version is the “preposed” copy of the changes, there is only a brief comment period, with comments due by August 18, 2022. NYDFS will release the official proposed changes at a later date, and they will be subject to the usual 60-day comment period.