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As cybersecurity breaches grow more complex and frequent, regulators are increasingly focused on organizational compliance. Organizations such as Crowdstrike report that in 2025, cyberattacks are increasing in speed, volume, and sophistication—and cybercrime has evolved as a “highly efficient business.” The escalating threat landscape demands robust security frameworks that can withstand evolving risks.
Enter the amendments announced in November 2023 to the New York’s Department of Financial Services (NYDFS) Cybersecurity Regulation, 23 NYCRR Part 500 (“Amended Regulation”), that became effective on November 1, 2025. This post explores the breadth of these Amended Regulations, and the steps that covered entities need to take now.
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