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NYDFS Issues Cybersecurity Guidance on Third-Party Service Provider Risk
On October 21, the NYDFS issued new cybersecurity guidance addressing the growing risks associated with regulated entities’ reliance on third-party service providers (TPSPs). The guidance clarifies compliance obligations under the New York Cybersecurity Regulation and outlines best practices for managing cybersecurity risk across the third-party relationship lifecycle….
By: Sheppard Mullin Richter & Hampton LLP