New York Extends Cyber Deadline to October 30

Earlier this year, the New York Department of Financial Services (NYDFS) promulgated a data security regulation that will take effect in stages over the next two years. Its requirements impose new obligations on every resident and nonresident insurance agency—and every resident and nonresident individual—licensed by New York.

Several notable elements of the regulation took effect in late August, and all agencies and individual agents licensed in New York now face additional reporting obligations. New York initially announced that action must be taken by September 27, but the deadline has been extended to October 30.

You may view our full article on the issue at www.insurors.org/IOT/Bulletins/New_York_s_Cyber_Regs_May_Affect_Your_Agency.aspx

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