NYDFS Letter to Financial Regulators on Cybersecurity: New York Department of Financial Services Sends Letter to Other Financial Regulators on Potential New Cybersecurity Regulation Requirements

Sullivan & Cromwell LLP - November 12, 2015
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On November 9, the New York Department of Financial Services (“NYDFS”) released a letter Acting Superintendent Anthony Albanese sent to certain federal and state banking, securities and insurance regulators outlining a set of potential new regulations under consideration at NYDFS aimed at increasing cybersecurity defenses within the financial sector.