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Lippes Mathias LLP

Hospital Administrators – Is Your Hospital Cyber-Secure?

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On October 2, 2024, New York adopted new regulations requiring general hospitals to implement heightened cybersecurity safeguards. General hospitals, as defined in Article 28 of the NY Public Health Law, generally must begin...more

Hudson Cook, LLP

New York DFS Finalizes Amendments to Cybersecurity Regulations

Hudson Cook, LLP on

On November 1, 2023 the New York Department of Financial Services ("DFS") released amended cybersecurity regulations ("Regulations"). These changes will impose additional controls, demand more frequent risk assessments, and...more

Mintz - Health Care Viewpoints

New York State Prepares to Regulate Hospital Cybersecurity Programs

On November 13, 2023, Governor Kathy Hochul announced plans to regulate cybersecurity for New York general hospitals regulated under Article 28 of the Public Health Law. As proposed, the regulations will provide an additional...more

Akin Gump Strauss Hauer & Feld LLP

SEC Turning Up the Heat: SolarWinds and Its CISO Charged with Fraud Regarding Cyber-related Disclosures

Key Takeaways - With the SolarWinds enforcement action, the SEC continues to ratchet up its enforcement against companies that fail to properly disclose their cybersecurity incidents and risks. By naming the SolarWinds CISO...more

Jones Day

NYDFS Expands Cybersecurity Regulations: Extortion Payment Reporting, Corporate Governance, and Technical Requirements

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A major amendment to the New York State Department of Financial Services' cybersecurity regulations establishes affirmative cybersecurity oversight duties and requires companies to report extortion payments to the agency....more

Morrison & Foerster LLP

A New Frontier for SEC Cybersecurity Enforcement? The SEC Charges SolarWinds and its CISO with Securities Fraud

Earlier this week, the SEC accused SolarWinds Corporation (“SolarWinds” or the “Company”) and its Chief Information Security Officer (“CISO”) of committing scienter-based securities fraud, among other violations, for...more

Holland & Knight LLP

NYDFS Proposes Amendments to Cybersecurity Regulation

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The New York Department of Financial Services (NYDFS) on Nov. 9, 2022, released Proposed Amendments to its Cybersecurity Regulation. The NYDFS Cybersecurity Regulation was one of the first laws requiring companies to comply...more

StoneTurn

Shifting Cyber Landscape – Crisis Awareness as a Means to Prevent and Prepare

StoneTurn on

Crises and uncertainty are inevitable forces in modern business, particularly in cyber and digital. General counsels and legal risk executives are well suited to lead preparedness and resiliency for future crises, uniting key...more

King & Spalding

New York Department of Financial Services Proposes New Cybersecurity Rules

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On July 29, 2022, the New York Department of Financial Services (“NYDFS”) released Draft Amendments to its Part 500 Cybersecurity Rules, which propose substantial new obligations for the cybersecurity programs of companies...more

NAVEX

The Complicated Tango of Compliance & Cybersecurity

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A ransomware attack is no company’s idea of a good time, but I do sense one positive development emerging from the epidemic of attacks we’ve witnessed this year: Boards and senior management agree that they must move beyond a...more

NAVEX

4 Things to Know About Updated NIST 800-53 Standards

NAVEX on

[author: Matt Kelly] In September 2020 the National Institute of Standards and Technology (NIST) unveiled the fifth version of its cybersecurity standard formally known as SP 800-53, “Security and Privacy Controls for...more

Poyner Spruill LLP

New York Fires First Salvo Under Cybersecurity Law

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The New York Department of Financial Services (NYDFS) has launched its first enforcement action under New York’s Cybersecurity law for financial services, so-called Part 500. Part 500 requires NYDFS licensed institutions to...more

King & Spalding

Energy Newsletter - April 2020

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Developing Contingency Plans: The NYDFS Mandate on Licensed Virtual Currency Businesses - The events surrounding COVID-19 have increased the use of fintech products, both out of necessity and convenience. Shelter-in-place...more

Mintz - Privacy & Cybersecurity Viewpoints

New York Dept of Financial Services (NYDFS) Extends Cybersecurity Compliance Deadline

The NYDFS has announced that it has extended the deadline for compliance with certain cybersecurity requirements due to the coronavirus emergency. The announcement from the Superintendent of Financial Services of the State...more

Bond Schoeneck & King PLLC

Deadline Approaches For Major Requirements Under New York’s Cybersecurity Rule

New York’s cybersecurity regulations (“Regulations”) set forth rolling deadlines, with some of the most significant mandates coming into play on September 1, 2018. Issued by the Department of Financial Services (“DFS”), and...more

Troutman Pepper Locke

NYDFS Cybersecurity Update: Two Transition Dates Remaining

Troutman Pepper Locke on

Several of the new requirements of the New York State Department of Financial Services (DFS) Cybersecurity Regulation are now operative for firms and individuals engaged in financial services (including insurance companies...more

McGuireWoods LLP

New York Cybersecurity Regulations: Additional Testing and Reporting Requirements Take Effect

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The one-year transitional period under the New York Department of Financial Services (NYDFS) Cybersecurity Requirements for Financial Services Companies expired on March 1, 2018. Financial services companies that are...more

Hogan Lovells

A guide to NYDFS Cybersecurity Regulation's March 1 implementation deadline

Hogan Lovells on

It’s been almost a year since the New York State Department of Financial Services (NYDFS) Cybersecurity Regulation (23 NYCRR Part 500) came into effect. Since that time, a series of key dates have marked the implementation of...more

King & Spalding

NY DFS Regulation: Certify Your Compliance by February 15 and Assess Your Risk by March 1

King & Spalding on

The New York Department of Financial Services' (DFS) cybersecurity regulation (DFS Regulation), which took effect on March 1, 2017, imposes significant requirements on financial services companies doing business in New York....more

Jones Day

Deadline to Comply with New York's Cybersecurity Regulation Is Approaching

Jones Day on

For entities regulated by the New York Department of Financial Services, the deadline for complying with the new Cybersecurity Requirements for Financial Services Companies, 23 NYCRR Part 500, is Monday, August 28, 2017. To...more

Troutman Pepper Locke

New York’s Cybersecurity Requirements for DFS Licensees: A New Item at the Top of the To-Do List

Troutman Pepper Locke on

With the compliance date only a few months away, licensees of the New York Department of Financial Services (DFS) must start taking action immediately to comply with the coming cybersecurity requirements, which will be more...more

Alston & Bird

New York Cybersecurity Rules: What Firms Need to Know

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New York Governor Andrew Cuomo recently announced final “first-in-the-nation” cybersecurity regulations that took effect on March 1, 2017. New York’s Department of Financial Services (NYDFS) will administer these rules. NYDFS...more

Thomas Fox - Compliance Evangelist

What DFS Cybersecurity Regulation Portends for the Compliance Practitioner

The state of New York’s Department of Financial Services (DFS) issued the first state-level regulations on cybersecurity for financial institutions with its Cybersecurity Requirements for Financial Services Companies release,...more

Alston & Bird

NY Governor Cuomo Announces Final NYDFS Cybersecurity Regulations

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New York Governor Andrew Cuomo recently announced final “first-in-the-nation” cybersecurity regulations that took effect on March 1, 2017. New York’s Department of Financial Services (NYDFS) will administer these rules. NYDFS...more

Fish & Richardson

Tough New Cybersecurity Regulations from the New York Department of Financial Services Go Live

Fish & Richardson on

Yesterday, March 1, 2017, marked the effective date of a set of cybersecurity regulations promulgated by the New York Department of Financial Services (NYDFS) for the banking, insurance, and financial sectors operating in the...more

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