Binary Check Ad Blocker Security News

The New York Department of Financial Services (DFS), which regulates certain covered entities and licensed persons in the financial services sector doing business in New York, recently provided guidance to its regulated entities that the annually required Certificate of Compliance with the DFS Cybersecurity Regulations must be submitted no later than April 15, 2021.

To find out whether a company is covered by the DFS Cybersecurity Regulations, DFS has established a portal to search applicable regulated entities. The portal also is used to file the annual certification. According to DFS, “All Covered Entities and licensed persons who are not fully exempt from the Cybersecurity Regulation are required to submit a Certificate of Compliance no later than April 15, 2021, attesting to their compliance for the 2020 calendar year.”

The publication further states that “if a Covered Entity or licensed person has an exemption that is still valid, they do not need to file a new Notice of Exemption in 2021.”

For more information on the DFS Cybersecurity Regulation requirements, click here.