Speakers include Howard Greene of the Excess Line Association of New York and Joe Yetto of TAG Solutions.
Several years of preparation became reality when the New York Department of Financial Services introduced its first-in-the nation cybersecurity regulation in 2017 covering agents and brokers among other financial services providers and professionals.
It's possible to obtain exemption from some of the regulation’s requirements.
Individuals who are fully covered under a firm’s program are broadly exempt.
By February 15, 2018, every New York licensee must certify compliance with the state's cybersecurity regulations.
Only some requirements must be complied with for the initial February 15, 2018 certification.
Organizations have a lot of work to complete by February 15, 2018. Those that can't make that deadline have limited options, but there are approaches they can try.
Simply working in chronological order based on compliance dates may not be the best way to start.
Completing the risk assessment can be a challenging task. One way to make that task easier is to look to frameworks or approaches that have already been developed and become established.
The actual drafting of the program should be done in steps. It becomes another plan for the organization, comparable to sales, marketing and other plans that collectively drive the business and shape the work environment.