News & Analysis as of

Cybersecurity Framework

M&A and Cyber Diligence: New York’s DFS Issues a Reminder

Over the last year, U.S. companies have been hit with a wave of new data security regulations and agency guidance, ranging from the SEC’s Guidance on Public Company Cybersecurity Disclosures to the European Union’s General...more

NIST Issues Energy Sector Asset Management Project

According to the National Institute of Standards and Technology (NIST), the energy sector relies on industrial control systems assets to “generate, view article transmit, and distribute power and to drill, produce, refine,...more

DFS Issues Compliance Certificate “Reminder”

Last week, the New York Department of Financial Services (DFS) sent notices to companies that had not yet certified their compliance with the DFS Cybersecurity Regulation....more

WARNING: The Federal Trade Commission Will Prosecute Companies Over Consumer Data Breaches - Its Recommendations Should Be Heeded

by Newmeyer & Dillion LLP on

There is no comprehensive federal statutory scheme governing breaches of consumers’ private data. However, the Federal Trade Commission (“FTC”) has a history of trying to protect consumers’ private data based on its general...more

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

by McGuireWoods LLP on

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

New York Department of Financial Services Updates Cybersecurity Guidance: Coverage of Cybersecurity Requirements Addressed in 4...

On March 1, 2018, the New York Department of Financial Services (NYDFS) “cybersecurity regulations” (23 NYCRR Part 500) took effect, placing a number of cybersecurity requirements on banks, insurance companies, and other...more

Data Privacy + Cybersecurity Insider - March 2018

by Robinson & Cole LLP on

According to bloggers on techtarget.com, security risks around the internet of things (IoT) continue to be problematic, and a new free guide, “The Developer’s Guide to IoT” has been published specifically for IoT device...more

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

by 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

New York Financial Services Cybersecurity Regulations Deadline Looming This Week

On March 1, 2018, the one year transition period within which banks, insurance companies, and other financial services institutions and licensees regulated by the New York Department of Financial Services (“Covered Entities”)...more

The March 1 Deadline for NY DFS Cyber Compliance: One Week to Go!

by Locke Lord LLP on

As we reported here, March 1, 2018 brings a new transition date, with a new set of compliance obligations for Covered Entities subject to the Cybersecurity Regulation of the New York Department of Financial Services. By...more

Only 53 Percent of Surveyed Security Officers Are Confident in Security of Data by Third Parties: Cybersecurity Trends

by CloudNine on

A recently issued report provides an interesting look at how Chief Information Security Officers (CISOs) and others responsible for security are addressing the challenges in today’s cybersecurity climate. The report (The...more

Data Privacy + Cybersecurity Insider - February 2018 #3

by Robinson & Cole LLP on

As of February 15, 2018, banks, insurance companies, and other financial services institutions and licensees regulated by the New York Department of Financial Services (DFS) are required to file their first certification of...more

New York’s Landmark Cybersecurity Regulation Amendment Proposed, Deadlines Looming

by Robinson & Cole LLP on

On February 15, 2018, banks, insurance companies, and other financial services institutions and licensees regulated by the New York Department of Financial Services (DFS) will be required to file their first certification of...more

The DFS Effect: Cyber Meets Sarbanes Oxley

Financial institutions with ties to New York spent their Valentine’s Day learning how to use the New York State Department of Financial Services (DFS) web portal....more

Cybersecurity and Insurers

Whether it is a data breach of a corporation's computer systems or alleged hacking by foreign governments, Cybersecurity and Privacy issues seem to bombard us daily. As counsel for insurance companies, it is important to stay...more

Deadline Approaching under NY Cybersecurity Regulations

If your company is one of the broad group of businesses licensed by the New York Department of Financial Services (NY DFS), a very important deadline is bearing down on February 15. Regulated entities have under Thursday to...more

DFS Filing “Reminder” as Deadline Looms

For the several thousand financial institutions and insurance companies covered by New York’s landmark data security regulation, the first certification of compliance must be filed with the State’s Department of Financial...more

Less than One Month To Go!

by Locke Lord LLP on

On February 15, many insurance companies, producers and others with New York DFS licenses and other authorizations (except for certain entities and employees who have filed for an exemption) will need to file a compliance...more

Countdown to the First Annual New York DFS Cyber Regulation Certification

On February 15th, organizations subject to the New York Department of Financial Services Cybersecurity Regulation are required to submit their first annual certification attesting to their compliance with the state’s new data...more

New York DFS Cybersecurity Regulation Update: Lots Left To Do

by Locke Lord LLP on

Insurers and producers, banks, lenders and others licensed by the New York Department of Financial Services (DFS) have already had to comply with several of the requirements of the new DFS Cybersecurity Regulation, but for...more

NIST Releases Second Draft of Revised Cybersecurity Framework

Revising its guidance on internal assessments and highlighting the importance of managing cybersecurity within supply chains, the National Institute of Standards and Technology (NIST) released the second draft of Version 1.1...more

NAIC’s Model Law Opens Door for State Data Security Standards

by Pessin Katz Law, P.A. on

There appears to be no stopping the continued breathtaking pace of cyberattacks as we head into 2018. In 2017, the Equifax data breach exposed the nonpublic information of over 140 million consumers; there were allegations...more

How the Trump Administration May Affect the Legal Landscape

by Epiq on

President Trump campaigned on reversing many Obama-era policies, and he is making good on his promises. The uncertainty of which major regulatory changes are in the pipeline is certainly keeping the legal community on its...more

NIST Publishes Draft 2 of the Revised NIST Cybersecurity Framework for Comment by January 19, 2018

by Balch & Bingham LLP on

On December 5, 2017, NIST published a revised version of the NIST Cybersecurity Framework (i.e., Draft 2 of Version 1.1) (“Framework”). According to NIST, Version 1.1 of the Framework refines, clarifies, and enhances Version...more

NIST Releases Updated Cyber Framework V1.1

by Alston & Bird on

On December 5, 2017, the National Institute of Standards and Technology (NIST) released a revised draft of its proposed updates to its Framework for Improving Critical Infrastructure Cybersecurity. The revised draft includes...more

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Cybersecurity

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