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Alston & Bird

D-Day for the EU Cyber Resilience Act

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Our Privacy, Cyber & Data Strategy Team discusses the new Cyber Resilience Act (CRA) that affects manufacturers and distributors of connected devices that are in use anywhere in the European Union....more

Ropes & Gray LLP

A Very Merry NISTmas: 2024 Updates to the Cybersecurity and AI Framework

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The National Institute of Standards and Technology (NIST) has been a leading voice in cybersecurity standards since 2013, when President Obama’s Executive Order on Improving Critical Infrastructure Cybersecurity tasked NIST,...more

Mandelbaum Barrett PC

The CISO as a Chess Piece: A Comprehensive Strategic Analysis

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Let’s role-play the title “Chief Information Security Officer” (CISO) as various chess pieces, each representing different aspects of the challenges and responsibilities faced in this critical position.  Examining these...more

White & Case LLP

NYDFS Releases Artificial Intelligence Cybersecurity Guidance For Covered Entities

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On October 16, 2024, the New York State Department of Financial Services (the "DFS"), under its Cybersecurity Regulation—23 NYCRR Part 500—issued a memorandum providing guidance on the risks posed by artificial intelligence...more

Baker Donelson

Ten Best Practices to Protect Your Organization Against Cyber Threats

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The conclusion of Cybersecurity Awareness Month is a reminder of the importance for organizations to implement robust security measures and promote good cyber hygiene. As we noted in our State of the Cyber Landscape webinar,...more

Hinckley Allen

10 Critical Steps: Your Organization’s Cyberattack Prevention Checklist

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Organizations can prevent cyberattacks and minimize liability risks by reviewing and implementing these 10 important steps: Adopt a Zero Trust Network Access Framework, which requires all users to be authenticated,...more

Mayer Brown

New York State Department of Financial Services Issues Industry Letter on Cybersecurity Risks Arising from Artificial Intelligence

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BACKGROUND - On October 16, 2024, the New York State Department of Financial Services (DFS) issued an industry letter, Cybersecurity Risks Arising from Artificial Intelligence and Strategies to Combat Related Risks,...more

Saul Ewing LLP

New York Department of Financial Services Guidance on AI-Related Cybersecurity Risks

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On October 16, 2024, the New York Department of Financial Services (“NYDFS”) issued guidance and strategies (“Guidance”) concerning cybersecurity risks that arise in response to the advancements in artificial intelligence...more

Robinson+Cole Data Privacy + Security Insider

CT AG Settles Data Breach Case with Guardian Analytics

Connecticut Attorney General William Tong announced on October 21, 2024, that his office has settled a data breach case against Guardian Analytics, Inc. for $500,000. The data breach affected the personal information of...more

A&O Shearman

Cyber and AI: NYDFS has entered the chat

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On October 16, 2024, the New York Department of Financial Services (“NYDFS”) released an Industry Letter—entitled Cybersecurity Risks Arising from Artificial Intelligence and Strategies to Combat Related Risks (the “Letter”)....more

DLA Piper

The UK Cybersecurity and Resilience Bill – A Different Approach to NIS2 or a British Sister Act?

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Introduction It wouldn't be much of an exaggeration to say that NIS2 is the acronym on everyone's lips. When coupled with its European sister legislation DORA, we encounter a regulatory twosome that make GDPR feel like...more

Nelson Mullins Riley & Scarborough LLP

And T-Mobile Makes Three: More Information Security Guidance for Telecommunications Carriers from the FCC

Close on the heels of its Consent Decrees with TracFone and AT&T, on September 27, 2024, the Enforcement Bureau of the Federal Communications Commission (FCC) announced that it reached a Consent Decree with T-Mobile US, Inc....more

Perkins Coie

Cybersecurity for Lawyers: The NIST Cybersecurity Framework as a Tool and Reference

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In this post in our series on basic cybersecurity concepts for lawyers (see here and here for prior posts), we delve into the National Institute of Standards and Technology (NIST) Cybersecurity Framework (CSF) 2.0, which is a...more

Orrick, Herrington & Sutcliffe LLP

RegFi Episode 42: Beyond the Breach: The CISO’s Role as a Strategic Risk Manager

RegFi co-hosts Jerry Buckley and Sherry Safchuk welcome Orrick partner Aravind Swaminathan for a conversation exploring the critical and evolving role of the Chief Information Security Officer in today’s corporate landscape.....more

McDermott Will & Emery

CMMC Level 3: Strict Scoping and Expansive Requirements

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In this series of articles, we explore the different certification requirements of CMMC Levels 1, 2 and 3; the impact on contractors and external service providers; and proposed next steps... On December 26, 2023, the US...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

Paul Hastings LLP

NYDFS Proposes Further Changes to Part 500 Rules

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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

J.S. Held

What is an Information Security Framework and Why Do I Need One?

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An information security framework, when done properly, will allow any security leader to more intelligently manage their organization's cyber risk. The framework consists of a number of documents that clearly define the...more

J.S. Held

Cyber Hygiene in 2023: Part 1 – Getting Buy-In from Users

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As we progress through 2023, both new and old cyber challenges remain, but opportunities for improvement are present. For the upcoming year, assume the following: 1. Past challenges have not been overcome, and we still...more

White & Case LLP

Cybersecurity Enforcement: New York Department of Financial Services issues first penalty under Cybersecurity Regulation

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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

Husch Blackwell LLP

New York’s DFS Publishes A Cyber Insurance Risk Framework

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Keypoint: New York’s Division of Financial Services (DFS) now requires Property and Casualty Insurers writing cyber insurance to comply with the Division’s Cyber Insurance Risk Framework to manage their risk. In her...more

Rivkin Radler LLP

DFS Provides Framework For Cybersecurity Risk

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On February 4, 2021, New York’s Department of Financial Services (DFS) issued Insurance Circular Letter No. 2, which builds on the robust cybersecurity regulation provided in its 2017 Cybersecurity Regulation (23 NYCRR 500)....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

NAVEX

Why You Should Prioritize Cybersecurity Risk with NIST CSF

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The year is 2013: The Obama administration just signed Executive Order 13636, calling for the sharing of cybersecurity risk information and a framework for reducing such risk. It was then that the National Institute of...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

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