NYDFS Cybersecurity Regulation to Apply to Consumer Reporting Agencies
Time 1 Minute Read

On June 25, 2018, the New York Department of Financial Services (“NYDFS”) issued a final regulation (the “Regulation”) requiring consumer reporting agencies with “significant operations” in New York to (1) register with NYDFS for the first time and (2) comply with the NYDFS’s cybersecurity regulation. Under the Regulation, consumer reporting agencies that reported on 1,000 or more New York consumers in the preceding year are subject to these requirements, and must register with NYDFS on or before September 1, 2018. The deadline for consumer reporting agencies to come into compliance with the cybersecurity regulation is November 1, 2018. In a statement, Governor Andrew Cuomo said, “Oversight of credit reporting agencies ensures that the personal private information of New Yorkers is less vulnerable to the threat of cyber attacks, providing them with peace of mind about their financial future.”

You May Also Be Interested In

Time 5 Minute Read

A recent summary judgment order is a reminder that, in insurance coverage disputes, straightforward arguments can still win the day. In a coverage action arising from dozens of underlying personal injury suits, the court adopted a clear, text-based approach to the duty to defend—and ordered the insurer to provide a defense.

Time 3 Minute Read

The Connecticut Attorney General recently issued a legal memorandum regarding the application of existing Connecticut laws, such as the Connecticut Data Privacy Act, to the use of artificial intelligence.

Time 3 Minute Read

On March 20, 2026, Oklahoma Governor Kevin Stitt signed SB 546 into law, enacting the Oklahoma Consumer Data Privacy Act, which will take effect on January 1, 2027.

Time 2 Minute Read

On March 23, 2026, the UK Information Commissioner's Office released new guidance clarifying the use of the new recognized legitimate interest lawful basis for processing personal information under UK data protection law.

Search

Subscribe Arrow

Recent Posts

Categories

Tags

Archives

Jump to Page