Al Sand | Counsel | Eversheds Sutherland

33768529 - open security lock on computer circuit board - computer security concept33768529 - open security lock on computer circuit board - computer security concept

NY Cybersecurity Rules to Require Financial Services Firms to Report Reasons for Noncompliance

April 04, 2024

United States
United States
United States

New York Law Journal

Eversheds Sutherland Counsel Al Sand discusses updated cybersecurity regulations from the New York State Department of Financial Services that will impact financial services firms, with some of the new rules coming into effect this month. Calling them “new concepts that are going to take some real time and attention,” Al encourages companies to work with their counsel to identify the necessary steps for compliance.

“It’s really having those conversations with the business, with internal stakeholders, about here’s what we need to do from a compliance standpoint, and how are we going to make this work…” he said.

The materials on the Eversheds Sutherland website are for general information purposes only and do not constitute legal advice. While reasonable care is taken to ensure accuracy, the materials may not reflect the most current legal developments. Eversheds Sutherland disclaims liability for actions taken based on the materials. Always consult a qualified lawyer for specific legal matters. To view the full disclaimer, see our Terms and Conditions or Disclaimer section in the footer.

Services

Industries

Key contacts

alexandersand@eversheds-sutherland.com

Alexander F.L. Sand

Partner

Austin, United States

Latest Insights

Latest News

Latest Events

  • virtual | June 09, 2026
  • virtual | June 16, 2026
  • virtual | June 23, 2026
  • virtual | September 10, 2026
modern office interior glass ceiling architectural lines corporate building

legal updates

June 04, 2026

FS+ Country Updates – May 2026

glass facade building reflection blue sky modern corporate architecture

legal updates

June 03, 2026

Generic building in front of sun (1)

legal updates

June 03, 2026

shopping district

legal updates

May 29, 2026

© Eversheds Sutherland 2026. All rights reserved. Eversheds Sutherland is a provider of legal and other services operating through various separate and distinct legal entities. For further information about these entities and Eversheds Sutherlands' structure please see the Legal Notice page of this website.

Eversheds Sutherland is the name and brand under which the members of Eversheds Sutherland Limited (Eversheds Sutherland (International) LLP and Eversheds Sutherland (US) LLP) and their respective controlled, managed or affiliated firms and the members of Eversheds Sutherland (Europe) Limited and Eversheds Sutherland (Africa) Limited (each an "Eversheds Sutherland Entity" and together the "Eversheds Sutherland Entities") provide legal or other services to clients around the world. Eversheds Sutherland Entities are constituted and regulated in accordance with relevant local regulatory and legal requirements. The use of the name Eversheds Sutherland, is for description purposes only and does not imply that the Eversheds Sutherland Entities are in a partnership or are part of a global entity. The responsibility for the provision of services to the client is defined in the terms of engagement between the instructed firm and the client. For further information about these Eversheds Sutherland Entities and Eversheds Sutherlands’ structure please see the Legal Notices page of this website. For information on Konexo please also see the Legal Notices page of this