The New York Department of Financial Services (NYDFS) has issued revised, proposed regulations that will require financial institutions to establish and maintain a cybersecurity program meeting "certain regulatory minimum standards."

Banks, state-licensed lenders, mortgage industry companies, insurance companies, money services businesses, and all other financial institutions subject to NYDFS jurisdiction should carefully assess whether their existing security measures will need to be enhanced and what additional steps may need to be taken to satisfy the requirements. Third-party service providers to these institutions should also prepare for compliance requirements that will likely be imposed downstream from these covered entities. In this webinar, we will discuss the implications of the NYDFS regulations for covered entities.

Topics will include:

  • What the regulations require, including changes made by NYDFS in response to industry comments;
  • The revised timeline for compliance with various requirements;
  • How financial institutions should prepare for the new regulations; and
  • The remaining opportunity for financial institutions to submit comments on the revised, proposed regulations by January 27, 2017.

Date & Time

Thursday, January 12, 2017
12:00 PM - 1:00 PM ET

Moderator

Edward J. McAndrew
Practice Leader
Privacy and Data Security

Speakers

Kevin D. Leitão
Consumer Financial Services Group
Privacy and Data Security

Kim Phan
Consumer Financial Services
Privacy and Data Security

This program is open to Ballard Spahr clients and prospective clients and members of the financial services industry. There is no cost to attend. This program is not eligible for CLE credits.

Please register at least two days before the webinar. Login details will be sent to all approved registrants. For more information, contact Daniel Martin at martind@ballardspahr.com

Register