Tag: governance
New York Department of Financial Services Amends Its Cybersecurity Regulations
On November 1, 2023, the New York Department of Financial Services (NYDFS) finalized its proposed cybersecurity rules, which build upon existing NYDFS cybersecurity requirements in the Part 500 Cybersecurity Rules. New class of covered entities The updated rules finalize a new class of financial services companies subject to NYDFS’ regulations […]
SEC Adopts Comprehensive Cybersecurity Disclosure Requirements
On July 26, 2023, the Securities and Exchange Commission (SEC) voted at an open meeting to adopt final rules to mandate standardized cybersecurity disclosures by public companies. The final rules will: The final rules will become effective 30 days after publication in the Federal Register. Companies other than smaller reporting companies […]
Cybersecurity Governance for Maturing Companies
With cyber resilience top of mind for investors, shareholders, regulators and the plaintiffs’ bar, growing organizations can no longer afford to put their cybersecurity efforts on the back burner. Building a cybersecurity program has become an essential element in the growth strategy. But where do you begin? Cooley’s cyber/data/privacy lawyers […]