Has your company completed the five cybersecurity steps outlined below, which are now law for finance companies and insurers in the state of New York? The good news is that if you comply with the New York DFS Cyber Rules, you're well-positioned for complying with other state cybersecurity regulations.
The Cybersecurity Model Audit Rule recently issued by the National Association of Insurance Commissioners (NAIC) gives guidance to other state regulators for how to craft cybersecurity regulations, and was designed to complement New York's DFS cybersecurity requirement.
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