The New York State Department of Financial Services (NYDFS) is proposing an amendment to its regulations requiring financial services companies to increase their cybersecurity planning reporting and protection. The Department of Financial Services supervises and regulates the activities of approximately 1,500 banking and other financial institutions with assets totaling more than $2.6 trillion and more than 1,400 insurance companies with more than $4.7 trillion.
Under the proposed amendment, th
