On August 2, in its first ever cryptocurrency enforcement action, the New York State Department of Financial Services ("NYDFS") announced it had imposed a $30 million fine on Robinhood Crypto, LLC ("RHC") for failures in its...more
8/15/2022
/ Bank Secrecy Act ,
BSA/AML ,
Business Licenses ,
Consent Order ,
Cryptocurrency ,
Enforcement Actions ,
New York ,
Noncompliance ,
Notice Requirements ,
NYDFS ,
Regulatory Violations ,
State and Local Government ,
Virtual Currency
Consistent with its increasing activity in the cybersecurity enforcement space, in March 2021, the NYDFS issued its first penalty under the Cybersecurity Regulation. This client alert explores the settlement and offers...more
In the past few years, cybersecurity has taken on increasing importance in the eyes of lawmakers and regulators. Traditionally, cybersecurity compliance that is tied to the protection of personal information generally has...more
9/10/2020
/ Corporate Counsel ,
Cybersecurity ,
Cybersecurity Framework ,
Data Protection ,
Enforcement Actions ,
Federal Trade Commission (FTC) ,
Financial Services Industry ,
FTC Act ,
LabMD ,
NYDFS ,
Popular ,
Regulatory Standards
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
4/15/2020
/ Business Associates ,
California Consumer Privacy Act (CCPA) ,
Centers for Disease Control and Prevention (CDC) ,
Compliance ,
COPPA ,
Coronavirus/COVID-19 ,
Cyber Threats ,
Cybersecurity ,
Cybersecurity Information Sharing Act (CISA) ,
Data Privacy ,
Data Protection ,
Department of Health and Human Services (HHS) ,
Employee Privacy Rights ,
Federal Trade Commission (FTC) ,
FERPA ,
Financial Industry Regulatory Authority (FINRA) ,
Hackers ,
Health Insurance Portability and Accountability Act (HIPAA) ,
HIPAA Privacy Rule ,
NYDFS ,
OCR ,
Patient Privacy Rights ,
Telehealth
New York recently amended its existing data breach notification law to expand the data breach notification obligations of persons and businesses (and state agencies) and impose specific data security requirements on persons...more
8/5/2019
/ Biometric Information ,
Cybersecurity ,
Data Breach ,
Data Protection ,
Data Security ,
Enforcement Actions ,
Health Insurance Portability and Accountability Act (HIPAA) ,
NYDFS ,
Popular ,
SHIELD Act ,
State Data Breach Notification Statutes