NY Department of Financial Services Issues Reminder for Cybersecurity Filing Deadline

The New York Department of Financial Services is reminding entities covered by its cybersecurity regulation that the first certification of compliance with the regulation is due by February 15. Covered entities must file the certification for the 2017 calendar year at the NYDFS online portal.

The NYDFS will incorporate cybersecurity in all of its regulatory examinations. This includes adding questions related to cybersecurity to “first day letters,” which are notices that the NYDFS issues to commence its examinations of financial services companies, including examinations of banks and insurance companies for safety and soundness and market conduct.