Many financial firms have mere days to notify New York about whether they have complied with the state’s strict cybersecurity regulations, and to gear up for new requirements rolling out May 1 and beyond.
Annually by April 15, financial businesses must submit a Certification of Material Compliance or an Acknowledgment of Noncompliance, which specifies what still needs to be done, to the New York State Department of Financial Services (NYDFS). Companies with limited exemptions must submit the notification by April 15, but those with full exemptions do not need to contact the department.
