The NYDFS Cybersecurity Regulation imposes stringent cybersecurity requirements on financial services companies operating in New York State. It mandates the implementation of a cybersecurity program, risk assessments, and policies to protect customer data and ensure operational resilience. For procurement and supply chain professionals in the financial sector, complying with this regulation is essential to managing cybersecurity risks, avoiding regulatory penalties, and protecting sensitive information. It promotes the adoption of comprehensive cybersecurity practices, enhancing the security and integrity of financial systems.
For more detailed information, visit New York State Department of Financial Services.