Reminder: Cybersecurity Notice of Exemption is NOT Required Each Year
Judging from phone calls and emails we've been receiving, it looks like many Big I New York members are doing work they don't have to do, at least when it comes to New York's cybersecurity requirements for financial services companies regulation. The confusion seems to be around the requirement for individuals and business entities to file notices of exemption with the New York State Department of Financial Services. Therefore, we want to remind you: An agency or brokerage is not required to file a notice of exemption at all after filing the first one in 2019. If the business no longer qualifies for the limited…