News & Analysis as of

Data Collection NYDFS

Alston & Bird

The Digital Download – Alston & Bird’s Privacy & Data Security Newsletter – August 2024

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Selected U.S. Privacy and Cyber Updates - New York AG Seeks Comments on Rulemaking for Minors’ Online Protection Laws - On August 1, 2024, New York Attorney General Letitia James issued two advanced notices of proposed...more

Clark Hill PLC

Right To Know - August 2024, Vol. 20

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Cyber, Privacy, and Technology Report - Welcome to your monthly rundown of all things cyber, privacy, and technology, where we highlight all the happenings you may have missed....more

BakerHostetler

Crypto Products Launch for Custody, Tokenization, Staking; Crypto Adoption Report Published; DFS Proposes New VC Guidance; NFT...

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Financial Firms Launch Crypto Products for Custody, Tokenization and Staking - In a recent press release, BitGo announced its plans “to create the first Bitcoin-only trust company” by partnering with Swan Bitcoin, a leading...more

McDermott Will & Emery

Insurance Regulators Continue Big Data Scrutiny

We previously reported on regulators’ increased attention to the use of big data systems, including external consumer data and information sources, algorithms and predictive models. Recent announcements in Colorado, Louisiana...more

Hinshaw & Culbertson - Privacy, Cyber & AI...

New York DFS Issues Report Detailing Findings From Its Investigation of Facebook Data Privacy Practices

Blood pressure readings, menstrual cycles, and pregnancy status are among the types of sensitive personal data Facebook was caught collecting from third-party app developers without users' knowledge or permission. After a...more

Epstein Becker & Green

New York Joins the Wave of States Requiring Businesses to Adopt Reasonable Cybersecurity Safeguards to Protect Private Information

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New York has joined California, Massachusetts, and Colorado in adopting a law that requires businesses that collect private information on residents to implement reasonable cybersecurity safeguards to protect that...more

Eversheds Sutherland (US) LLP

New York Circular Letter No. 1 (2019) takes aim at accelerated underwriting

On January 18, 2019, the New York Department of Financial Services (NYDFS) issued a circular letter to all insurers authorized to write life insurance in New York State setting out the Department’s views concerning the use of...more

BakerHostetler

The Weekly Privacy Rewind

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Data Breaches - Comcast’s Xfinity Service Potentially Exposes Addresses and Partial SSNs of More Than 26.5 Million Customers • According to security researcher Ryan Stevenson, alleged vulnerabilities in the system Comcast...more

Robinson & Cole LLP

Data Privacy + Cybersecurity Insider - December 2017

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The Consumer Financial Protection Bureau (CFPB), one of the watchdogs of the financial services industry, has announced through Acting Director Mick Mulvaney that it will no longer collect personal information of consumers...more

Eversheds Sutherland (US) LLP

NYDFS Makes Inquiry into Life Insurers’ Use of Algorithmic Underwriting

On June 29, 2017, the New York Department of Financial Services (NYDFS) issued an information request pursuant to Section 308 of the New York Insurance Law addressed to all life insurers and fraternal benefit societies...more

Carlton Fields

New York DFS Requests Information on Use of External Consumer Data and Information Sources in Life Insurance Underwriting

Carlton Fields on

On June 29, the New York Department of Financial Services (DFS) initiated an investigation into the use of external (i.e., not provided by the consumer) consumer data or information sources in connection with underwriting by...more

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