- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Adrianne Appel2023-11-03T10:03:00
New York will require financial institutions to conduct risk assessments more often and improve governance under a broad update to the state’s cybersecurity regulations.
The final amended rules are intended to improve risk mitigation and enhance cyber governance within the financial sector, said Gov. Kathy Hochul on Wednesday. The update amends the state’s 2017 cybersecurity regulations, which are enforced by the New York State Department of Financial Services (NYDFS).
The NYDFS will explain the amendments to businesses through a series of seminars, Hochul said.
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The New York State Department of Financial Services issued guidance for small businesses attempting to comply with its cybersecurity regulations.
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