On October 16, 2024, the New York Department of Financial Services (NYDFS) issued an industry letter entitled “Cybersecurity Risks Arising from Artificial Intelligence and Strategies to Combat Related Risks” in response to...more
11/4/2024
/ Artificial Intelligence ,
Covered Entities ,
Cyber Attacks ,
Cybersecurity ,
Data Management ,
Financial Services Industry ,
NYDFS ,
Risk Assessment ,
Risk Management ,
Social Engineering ,
Third-Party Risk
As we have previously written, late last year the New York Department of Financial Services (NYDFS) adopted long-awaited amendments to its Part 500 Cybersecurity Regulations (Part 500). These are some of the most significant...more
The New York Department of Financial Services (NYDFS) adopted a long-expected amendment to its Part 500 Cybersecurity Regulations (Part 500) this week. These are the first significant changes to Part 500 since its inception...more
The New York Department of Financial Services (“NYDFS”) released a “revised proposed second amendment” on June 28 that makes further changes to its Cybersecurity Regulation (“23 NYCRR Part 500”). Part 500 was first enacted in...more
On March 1, 2017, New York’s Department of Financial Services (“NYDFS”) implemented a comprehensive cybersecurity regulation aimed at financial institutions (the “Cybersecurity Regulation”)....more
Throughout 2022, we continue to see regulators placing an emphasis on the importance of protecting and securing information, in particular consumer personal information, at both the federal and state levels.
...more
10/6/2022
/ Breach Notification Rule ,
Cybersecurity ,
Data Privacy ,
Data Protection ,
Employee Training ,
Encryption ,
Health Insurance Portability and Accountability Act (HIPAA) ,
NYDFS ,
Opt-Outs ,
Popular ,
Private Right of Action ,
Proposed Amendments ,
Risk Assessment ,
Securities and Exchange Commission (SEC) ,
State Privacy Laws