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Four New Cybersecurity Regulations Companies Need to Know

In a recent interview published by Buffalo Business First, HSE attorney Daniel J. Altieri discusses recent updates to cybersecurity regulations by the New York State Department of Financial Services (DFS), affecting companies with banking or insurance licenses. Altieri emphasizes the broad reach of these regulations, extending to businesses such as car dealerships that sell roadside hazard insurance. Key amendments include specific provisions addressing ransomware attacks, requiring companies to notify DFS within 24 hours of making payments to attackers and justifying the payment, reflecting a heightened focus on accountability and visibility in the face of an evolving threat landscape.

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