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In Cybersecurity

Prepping For the Holidays: Companies to Strengthen Cybersecurity Infrastructure in Compliance with Amendments To New York’s Cybersecurity Regulation

by and 4 Mins Read

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…

In Cybersecurity

The Network and Information Security Directive 2 – what you need to know.

by 6 Mins Read

Cybercrime is an increasingly pressing problem for societies at large, with digital transformation, remote working and geopolitical issues bringing about increased cyber threats and attacks. In 2016 the European Parliament adopted the Network and Information Security Directive (NISD), the first EU-wide legislation on cybersecurity, and the revised legislation, NIS2, has just been published. NISD required the implementation of certain risk management and reporting obligations on operators of essential services (OES), which included entities maintaining critical…