The New York State Department of Financial Services (DFS) will launch new cybersecurity regulations on 1 March, three months later than originally planned, to give companies time to become compliant. In a statement released yesterday, the DFS said it would be issuing “interim guidance” for businesses that want to comply with its proposed rules by 30 June.
The New York State Department of Financial Services (DFS) will launch new cybersecurity regulations on 1 March, three months later than originally planned, to give companies time to become compliant. Initial plans met with significant resistance but the revised regulations now include an easing of timelines, allowing companies up to two years to "establish and maintain a cybersecurity program designed to protect consumers".