NY DFS Cybersecurity Regulation: Third-Party Risk and Other Compliance Challenges
As of March 1, 2019, the two-year transition came to an end, and covered entities were required to be in compliance with the New York Department of Financial Services Cybersecurity Regulation Section 500.11, the Third Party Service Provider Security Policy. How are things going? How have they changed the way organizations currently approach vendor risk management? What can entities from other regulated sectors draw from NY DFS to improve their own third-party compliance?
In this session, attorney Ted Augustinos, a Partner at Locke Lord LLP and an expert on the NY DFS Cybersecurity Regulation, will discuss:
- How to ensure your organization is compliant with the regulation;
- The general state of compliance with NY DFS;
- How New York's approach to cybersecurity broadly, and vendor risk management in particular, is influencing emerging legislation in other states and sectors.