The New York State Department of Financial Services (DFS) ‘first-in-the-nation’ cybersecurity regulation for the financial services industry is, as of 1 March 2017, operational . One of the most highly regulated industries is now even more regulated in New York.

“New York is the financial capital of the world, and it is critical that we do everything in our power to protect consumers and our financial system from the ever-increasing threat of cyber-attacks,” Governor Cuomo said.