New York Cybersecurity Requirements for Banks and Financial Institutions

On March 1, 2017, the New York State Department of Financial Service’s (the “DFS”) final cybersecurity regulations became effective (see 23 NYCRR § 500). These rules were originally published on September 13, 2016. Just before the end of the year, the DFS published another proposed regulation that eased somewhat the requirements of the original proposal […]

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About Roy Anderson

Roy C. Andersen, of counsel in Sullivan & Worcester’s New York office, is a member of the Corporate Department. Mr. Andersen focuses on bank regulatory and compliance matters, including international banks and their branches and agencies in New York. He has been involved in the formation of these offices, including drafting, filing and supporting the necessary applications. Upon establishment, he has advised on the application of Federal and New York laws with respect to their activities and operations.

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