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Email As of August 28, 2017, insurance companies, banks, and other financial services companies regulated by the New York Department of Financial Services (“DFS”) must comply with an initial wave of new cybersecurity requirements intended to protect customer data, including maintaining written cybersecurity policies and procedures, designating a Chief Information Security Officer, and providing notice to the DFS of certain cybersecurity events. https://www.cadwalader.com/resources/clients-friends-memos/compliance-with-initial-new-york-dfs-cybersecurity-rules-now-mandatory