In brief New York banks, lenders, companies, and service providers should note that on November 1, 2024, the amendments to the New York Department of Financial Services’ (“NYDFS'”) cybersecurity regulations took effect. The amendments widened the scope of “covered entities” to include any licensed financial institution company operating in New York regardless of whether it is already regulated by other government agencies. Additionally, the amendments require the regulated entities to significantly increase their proactive and…