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NYDFS Amended Cybersecurity Rules: Overview of Upcoming Deadlines

On November 1, 2023, the New York Department of Financial Services (NYDFS) announced the adoption of amendments to its Cybersecurity Regulation 23 NYCRR Part 500 (“Amended Cybersecurity Rules” or “Amended Rules”). NYDFS...more

NYDFS Fines OneMain $4.25M for Cybersecurity Failures

On May 25, 2023, the New York Department of Financial Services (NYDFS) announced that  OneMain Financial Group (OneMain) will pay a $4.25 million fine pursuant to a consent order to settle alleged violations of NYDFS’s...more

US Banks Must Now Report Hacks Within 36 Hours

The banking regulators of the Federal Reserve Board, Federal Deposit Insurance Corporation, and the Office of the Comptroller of Currency jointly announced a new rule requiring banking organizations in the United States to...more

White House to Introduce ‘Zero Trust’ Cybersecurity Policy to Federal Agencies

Last month, the Office of Management and Budget (OMB) and the Cyber and Infrastructure Security Agency (CISA) released draft guidance to implement a Zero Trust cybersecurity policy government-wide. OMB and CISA are seeking...more

Landmark Supreme Court Decision on Federal Anti-Hacking Law

Key Points - The Supreme Court held that a former police officer did not violate the CFAA by “exceeding” his authorized access to a law enforcement database when he used the database to sell information because he was...more

New York Department of Financial Services Issues Millions of Dollars in Penalties, Signaling Increased Cybersecurity Enforcement

On April 14, 2021, the New York Department of Financial Services (DFS) announced it settled an enforcement action against National Securities Corporation (“National Securities”) related to claims under the Cybersecurity...more

Congress Sends IoT Cybersecurity Measure to President Trump’s Desk

On Tuesday, November 17, the Senate passed H.R. 1668, the Internet of Things (IoT) Cybersecurity Improvement Act of 2020, by unanimous consent. The bill, which previously passed the House of Representatives in September after...more

NYAG Reaches Settlement with Dunkin’ Over Cyberattacks

On September 15, 2020, the New York Attorney General (NYAG) reached a Consent and Stipulation Agreement (the “Agreement”) with Dunkin’ Brand’s Inc. a year after filing a lawsuit over the company’s response to cyberattacks in...more

First Enforcement Action by New York Department of Financial Services Under Cybersecurity Regulation

On July 21, 2020, the New York Department of Financial Services (DFS) filed a “Statement of Charges and Notice of Hearing” (the “Charges”) against First American Title Insurance Company (the “Company”) alleging violations of...more

Supreme Court to Consider Scope of CFAA

- The U.S. Supreme Court will review whether a person who is authorized to access information on a computer for certain purposes violates the CFAA if he accesses the same information for an improper purpose. - The Court’s...more

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