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Covington Discusses NY Financial Services Department Guidance on Data Privacy and Cybersecurity

Article November 7, 2025

The CLS Blue Sky Blog

On October 21, 2025, the New York State Department of Financial Services (“NYDFS”) issued an industry letter (the “Guidance”) highlighting the cybersecurity risks related to Covered Entities’ use of Third-Party Service Providers (“TPSPs”) and providing strategies to address these risks.

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