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NYDFS Puts Third-Party Service Providers Under Regulatory Spotlight

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The New York Department of Financial Services (NYDFS) issued an industry letter titled “Guidance on Managing Risks Related to Third-Party Service Providers” (Guidance) for Covered Entities engaging third-party service providers (Service Providers) that process nonpublic information (NPI) under the NYDFS Part 500 Cybersecurity Regulation (Part 500)….
By: Paul Hastings LLP

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