In the depth of a crypto winter, the New York State Department of Financial Services (DFS) issued guidance (the Guidance) on custodial standards for those with a BitLicense or that are registered as New York state limited...more
If proposed amendments to existing cybersecurity interpretive guidance become final, National Futures Association members may need to bring their cybersecurity policies up to date. Changes include a new notification...more
The SEC continues to focus on cybersecurity as an area of concern within the investment management industry....more
Morgan Lewis submits second comment letter on the proposed rules.
The New York State Department of Financial Services (DFS) is expected soon to issue “first-in-the-nation” cybersecurity regulations that will apply to...more
The modified rules, which still remain among the most prohibitive, could be adopted in final form as early as this month.
Since September 2016, the New York State Department of Financial Services (DFS) has been...more
The New York Department of Financial Services has issued proposed “first-in-the-nation” cybersecurity rules that could place a heavy compliance burden on affected financial companies; Morgan Lewis submitted a comment letter...more
New “first-in-the-nation” cybersecurity rules in the pipeline for banks, insurers, and financial services companies regulated in New York could prove costly for companies, but will they improve cybersecurity?...more
Addressing regulatory concerns pertaining to consumer protection, market stability, and law enforcement, the Framework expands on the CSBS draft framework released in December 2014.
The Conference of State Bank...more
10/15/2015
/ Bank Secrecy Act ,
BitLicense ,
CSBS ,
Cybersecurity ,
Disaster Preparedness ,
Disclosure Requirements ,
EFTA ,
Licenses ,
NMLS ,
Notice Requirements ,
NYDFS ,
Regulatory Standards ,
Risk Management ,
Startups ,
Third-Party ,
Virtual Currency
In an environment where even the largest and most powerful corporations have fallen victim to data breaches, it can be challenging to fathom how to protect against the sophisticated and ever-evolving threat of cyber attacks....more
10/12/2015
/ Broker-Dealer ,
Corporate Governance ,
Cyber Attacks ,
Cyber Incident Reporting ,
Cyber Threats ,
Cybersecurity ,
Data Loss Prevention ,
Data Privacy ,
Data Protection ,
Data Security ,
Enforcement Actions ,
Federal Trade Commission (FTC) ,
Financial Industry Regulatory Authority (FINRA) ,
FTC v Wyndham ,
Identity Theft ,
OCIE ,
Personally Identifiable Information ,
Policies and Procedures ,
Popular ,
Registered Investment Advisors ,
Regulation S-P ,
Risk Alert ,
Sanctions ,
SEC Examination Priorities ,
Securities and Exchange Commission (SEC) ,
Security Risk Assessments ,
Training ,
Vendors
NFA links NFA’s supervisory requirements with its proposed requirements mandating that NFA Members have information systems security programs.
The National Futures Association (NFA) has proposed cybersecurity...more
9/8/2015
/ Board of Directors ,
C-Suite Executives ,
CFTC ,
Cyber Threats ,
Cybersecurity ,
Data Protection ,
Data Security ,
Financial Industry Regulatory Authority (FINRA) ,
Financial Institutions ,
Incident Response Plans ,
Information Security ,
National Futures Association ,
NIST ,
Proposed Regulation ,
Securities and Exchange Commission (SEC) ,
Security Risk Assessments