Follow the Leader: NYDFS Cybersecurity Regulation Leads the Way for Other States and Industries

Locke Lord’s Ted Augustinos and Molly McGinnis Stine, both members of the Steering Committee of the Firm's Privacy & Cybersecurity Practice Group, co-authored an article on the expected impact of the New York Department of Financial Services Cybersecurity Regulation on U.S. companies in all industries. In regards to what’s next, Augustinos and Stine say, “Looking ahead, there will certainly be further governmental attention at all levels in response to ever-increasing awareness of cybersecurity risks, the consequences of incidents, privacy concerns, and more. This attention can manifest, for example, in new laws or regulations, changes to existing law, and heightened enforcement. Also, as industry sectors wrestle with their potential challenges and exposures, industry-specific standards will continue to emerge.”

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