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NYDFS Cyber Threats Cybersecurity

Robinson+Cole Data Privacy + Security Insider

NYDFS Issues Industry Letter on Risks Arising from Artificial Intelligence

On October 16, 2024, the New York Department of Financial Services (DFS) issued an Industry Letter to regulated entities entitled “Cybersecurity Risks Arising from Artificial Intelligence and Strategies to Combat Related...more

Alston & Bird

NYDFS Issues Guidance on Artificial Intelligence-related Cybersecurity Risks

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On October 16, 2024, the New York Department of Financial Services (“NYDFS”) issued an industry letter covering Cybersecurity Risks Arising from Artificial Intelligence and Strategies to Combat Related Risks (the “Industry...more

Alston & Bird

Top 10 Issues General Counsel Need to Know About Ransomware in 2024

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Threat actors are evolving. Our Privacy, Cyber & Data Strategy Team explains how ransomware gangs have changed their tactics and how companies can respond to the threat while navigating new scrutiny from investors and...more

Jones Day

New York Governor Proposes Stringent Cybersecurity Regulations for Hospitals

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New York is the first state to propose cybersecurity requirements for all hospitals operating in the state to address patient safety and other cybersecurity related issues....more

WilmerHale

NYDFS Finalizes Amendments to Cybersecurity Regulations

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On November 1, 2023, New York Department of Financial Services (NYDFS or the “Department”) released the finalized revisions (the “Second Amendment”) to 23 NYCRR Part 500 (Part 500) – the most significant modifications to Part...more

Sheppard Mullin Richter & Hampton LLP

NYDFS’s $4.5 Million EyeMed Cyber Settlement Reminder To Industry

In a recent settlement with the New York Department of Financial Services, EyeMed Vision Care LLC agreed to pay a $4.5 million penalty and undertake remedial measures to increase its cybersecurity. This includes undertaking...more

Alston & Bird

NYDFS Announces Cybersecurity Settlement, Addresses Multi-Factor Authentication Rules

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On April 14, 2021, the New York Department of Financial Services (“NYDFS”) announced a settlement with National Securities Corporation (“National Securities”), a licensed insurer, in connection with claims under the NYDFS...more

Locke Lord LLP

NYDFS Alerts Insurance Industry on Cyber Threats to Auto Quote Functions

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The New York Department of Financial Services (NYDFS) has now released a pair of alerts on the increase in cyberattacks on public facing insurance websites that provide instant quoting services to customers. If you provide...more

Baker Donelson

NYDFS Surges Ahead with Cybersecurity Enforcement: Recent Fine Highlights Need for Financial Institutions to Focus on Incident...

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The New York Department of Financial Services (NYDFS) has become a frequent topic of these alerts. In recent weeks we have covered multiple actions from the regulator, including its first enforcement action, its SolarWinds...more

White & Case LLP

COVID-19 and Data Protection Compliance in the US

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Irrespective of your industry, the current COVID-19 pandemic poses a new and unique challenge to organizations, their employees, and their customers. The emergence of COVID-19 has prompted organizations to collect and process...more

Robinson & Cole LLP

Data Privacy + Cybersecurity Insider - January 2020 #2

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Department of Homeland Security Warns of Cyber-Attacks by Iran - The Department of Homeland Security (DHS) issued a grave warning to U.S. businesses and critical infrastructure operators on January 6, 2020, alerting the...more

Robinson+Cole Data Privacy + Security Insider

New York DFS Issues Risk Alert Concerning Possible Iran Cyber-Attacks

In view of Iran’s vows to retaliate against the United States for the death of Quassem Soleimani, the NYDFS has issued an industry letter  to all regulated entities regarding the need for heightened cybersecurity precautions....more

Jones Day

New York Department of Financial Services Announces Creation of Cybersecurity Division

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New York is the first state to establish a department within a financial regulatory agency that is tasked with protecting consumers and financial markets against cyber threats. On May 22, 2019, the New York Department of...more

Morgan Lewis

New York Creates Cybersecurity Division to Protect Against Cyber Threats

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New York has increased its effort to enforce cybersecurity by creating a new unit designed to combat cybercrime and protect individuals’ sensitive data from attacks....more

Patterson Belknap Webb & Tyler LLP

New York Launches Cybersecurity Unit

Today, New York’s top financial regulator, the Department of Financial Services, announced the formation of a dedicated “Cybersecurity Division.” In a news release issued earlier today, the agency said the new division “will...more

Blank Rome LLP

At the Intersection of Cybersecurity and White Collar

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The global "ransomware" cyberattack in early May 2017 resulted in tens of thousands of computer systems being taken hostage by hackers and, in the instances involving hospitals, put lives at risk. Companies that suffered...more

Robinson+Cole Data Privacy + Security Insider

The State of Cybersecurity in 2016 and the (potential) Great Cyber Fire

Cybersecurity hit the news hard in 2016. The number of high profile, and troubling, cyber incidents increased significantly. The Democratic National Committee and one of Clinton’s top advisor’s being hacked, with leaked...more

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