By what date must covered entities submit a written compliance statement under the New York cybersecurity regulation?

The requirement for covered entities to submit a written compliance statement under the New York cybersecurity regulation specifies that this statement must be submitted by February 15 of each year. This deadline is crucial for ensuring that all entities maintain compliance with the regulatory framework designed to protect sensitive information from cybersecurity threats.

The February 15 date allows covered entities adequate time after the end of the previous calendar year to assess and report their compliance measures. This timeline ensures that organizations are continuously aware of their cybersecurity posture, are compliant with regulations, and can make necessary adjustments to their security frameworks as needed.

Date choices like January 1 or February 1 do not provide enough time for entities to perform a thorough review of their cybersecurity practices based on the previous year's activities, while the March 31 option would delay compliance reporting beyond the standardized timeline set forth in the regulation.