News & Analysis as of October 19, 2024

Cybersecurity › NYDFS › New Guidance

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Follow this channel for advisories on one of the biggest threats to businesses today. Read a morning brief of fresh guidance and commentary by leading lawyers on security, privacy, risk... more +

Follow this channel for advisories on one of the biggest threats to businesses today. Read a morning brief of fresh guidance and commentary by leading lawyers on security, privacy, risk management, global regulations, data protection, leaks, hacking, cyber insurance, compliance, HIPAA, and every other aspect of cybersecurity of import to corporate readers right now. less -

NY Department of Financial Services Issues AI Cybersecurity Guidance

Harris Beach PLLC on 10/18/2024

The New York Department of Financial Services (DFS) has issued guidance, in the form of an industry letter, on addressing cybersecurity risks arising from artificial intelligence (AI) under its cybersecurity regulation, 23...more

NYDFS Issues Ransomware Guidance Aimed At Combatting Rising Cyber Threats

Goodwin on 7/28/2021

The exponential rise in ransomware attacks in the past year has everyone on high alert, not least of which are regulators. Following on the heels of a June 2, 2021 White House memo addressing ransomware prevention, on June...more

NYDFS Issues Ransomware Guidance

Sheppard Mullin Richter & Hampton LLP on 7/13/2021

The New York State Department of Financial Services recently announced new guidance addressing ransomware attacks, and highlighting cybersecurity measures to significantly reduce the risk of an attack. The guidance comes as...more

New York Department of Financial Services Announces New Guidance on Ransomware Prevention

Jones Day on 7/8/2021

On June 30, 2021, the New York Department of Financial Services ("NYDFS") identified key cybersecurity measures to prevent and prepare for ransomware attacks. ...more

Cybersecurity Guidance Issued to Retirement Plan Sponsors

Sheppard Mullin Richter & Hampton LLP on 6/8/2021

The Department of Labor recently issued cybersecurity guidance to retirement plans. The department’s Employee Benefits Security Administration (EBSA) issued guidance in three areas: (1) hiring and working with vendors and...more

To pay or not to pay: Another regulator weighs in on the decision to pay a ransom

Hogan Lovells on 2/25/2021

Ransomware victims face a nearly impossible decision: pay criminals holding their business hostage or refuse and face possible crippling consequences. This decision requires careful analysis of a number of considerations, and...more

Another Cybersecurity Wake Up Call: Connecticut Insurance Department Issues Guidance on Cyber Law Set to go Into Effect

Hinshaw & Culbertson - Consumer Crossroads on 8/3/2020

Covered entities received two cybersecurity wake up calls from insurance regulators this month. As we have reported, the New York State Department of Financial Services (DFS) issued its long-awaited first cyber enforcement...more

Privacy & Cybersecurity Update - April 2020

Skadden, Arps, Slate, Meagher & Flom LLP on 5/3/2020

In this month's edition of our Privacy & Cybersecurity Update, we examine Washington state's new facial recognition law, the U.K. Supreme Court's ruling that an employer is not liable for a data breach caused by a disgruntled...more

NYDFS Issues New Guidance Regarding COVID-19 Cybersecurity Risks

Mintz - Privacy & Cybersecurity Viewpoints on 4/24/2020

The New York Department of Financial Services (“NYDFS”) recently issued new guidance to regulated entities regarding cybersecurity awareness during the COVID-19 pandemic - citing a significant increase in cybercrime and...more

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