Answer: C - NYDFS Cybersecurity Regulation is best described as cybersecurity regulations for financial institutions operating under or required to operate under licensure by the NY Department of Financial Services (NYDFS).
These regulations apply to entities regulated by NYDFS and must be licensed by the NY state department. By extension, some unregulated third-party service providers are covered by NYDFS Cybersecurity Regulation. These entities may include state-chartered banks, private bankers, foreign banks licensed to operate in New York, licensed lenders, insurance companies, and mortgage companies.
