Implementation of DFS Cybersecurity Amendments Continues as Ransomware Attacks Dominate Headlines

Last month, as the New York State Department of Financial Services (“DFS”) began phasing in amended cybersecurity regulations and continued enforcement actions against noncompliant entities, a wave of ransomware attacks roiled several high-profile businesses. The concurrent developments underscore the need for vigilance, not only in response to savvy threat actors, but with respect to a rapidly evolving regulatory scene….
By: Patterson Belknap Webb & Tyler LLP