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NYDFS Issues Additional Guidance on Managing Risks Related to Third-Party Service Providers

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Covered Entities should expect heightened supervisory focus on relationships where third party service providers (TPSPs) access systems or handle non-public information (NPI). On October 21, the New York State Department of Financial Services (NYDFS) issued additional guidance to Covered Entities addressing cybersecurity risks posed TPSPs….
By: Nelson Mullins Riley & Scarborough LLP

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