Aug 5, 2022 11:02:18 AM
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Aug 5, 2022 11:02:18 AM
Debevoise & Plimpton: On July 29, 2022, the New York Department of Financial Services (“NYDFS”) released Draft Amendments to its Part 500 Cybersecurity Rules, which include a mandatory 24-hour notification for cyber ransom payments, annual independent cybersecurity audits for larger entities, increased expectations for board expertise, and tough new restrictions on privileged accounts.
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