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Data Protection Covered Entities NYDFS

Jenner & Block

Client Alert: New York Issues Significant Amendments to its Forward-Leaning Cyber Regulations

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In 2017, the New York Department of Financial Services (“NYDFS”) enacted a landmark regulation requiring financial services institutions such as banks and insurance companies in the state to meet substantial cybersecurity...more

Akin Gump Strauss Hauer & Feld LLP

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

Locke Lord LLP

New York DFS Cybersecurity Regulation Update: ‎Amendments Proposed November 2022

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Licensees of the New York Department of Financial Services (“DFS”) should be tracking the proposed amendments to the DFS Cybersecurity Regulation. All covered entities under the Regulation will need to revisit their...more

Polsinelli

First NYDFS Cybersecurity Enforcement Action Arising From a Standard Examination Results in $1.5 Million Penalty

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On March 1, 2017, the New York State Department of Financial Services (“NYDFS”) Cybersecurity Requirements for Financial Services Companies (the “Cybersecurity Regulation”) became effective. Fast forward four years, where...more

Bond Schoeneck & King PLLC

Added Reason to Be Aware of the New York State Department of Financial Services Cybersecurity Regulations

The New York State Department of Financial Services (DFS) implemented cybersecurity regulations (the DFS Regulations) in 2017 which provided for a transitional two-year period before all the provisions were effective. The DFS...more

Hogan Lovells

New York State Expected to Increase Enforcement of Cybersecurity Practices

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Companies should take note of two imminent developments in New York in the area of cybersecurity regulation: enforcement of the New York Department of Financial Services (NYDFS) Cybersecurity Regulation (Regulation) and the...more

Locke Lord LLP

Cybersecurity Update: NYDFS, NAIC, and What's Going on in SC, OH, MI, and MS?

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On March 1, 2017 the cybersecurity regulation of the New York Department of Financial Services (the DFS Regulation) took effect, requiring subject financial institutions (Covered Entities), including insurance companies, to,...more

Patterson Belknap Webb & Tyler LLP

DFS’s Cybersecurity Regulation: What Your Company Should Have Done This Year

With the year quickly coming to a close, it’s time for organizations covered by New York’s Cybersecurity Regulation for Financial Service Companies to take stock of their compliance efforts before popping any champagne corks...more

Moore & Van Allen PLLC

NYS DFS September 4, 2018 Cybersecurity Compliance Deadline

Tuesday, September 4, 2018 marked the New York State Department for Financial Service’s deadline for compliance with several sections of cybersecurity regulation 23 NYCRR 500 (the “Regulation”). The Regulation covers any...more

Hogan Lovells

New Obligations Under the NYDFS Cybersecurity Regulation Come Online September 4

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The New York State Department of Financial Services (NYDFS) Cybersecurity Regulation (23 NYCRR Part 500) came into effect March 1, 2017...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

Alston & Bird

NYDFS Cybersecurity Requirements Compliance Deadline Nears for Key Provisions

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September 4, 2018 marks the end of the transitional period for covered entities to comply with several key provisions of the NYDFS Cybersecurity Requirements that require certain systemic and sustained measures....more

Akin Gump Strauss Hauer & Feld LLP

Five New Requirements Under New York DFS Cybersecurity Regulation Go Into Effect on September 1, 2018

On September 1, 2018, five new requirements included in the New York State Department of Financial Services’ (DFS) Cybersecurity Regulation go into effect – (1) audit trails, (2) application security, (3) data disposal...more

McGuireWoods LLP

NYDFS Cybersecurity Deadline Approaching

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The eighteen month transitional period under the New York Department of Financial Services (NYDFS) Cybersecurity Requirements for Financial Services Companies expires on September 4, 2018. These requirements apply to...more

Robinson+Cole Data Privacy + Security Insider

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

Locke Lord LLP

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

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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

Locke Lord LLP

NY DFS Cybersecurity Compliance Certificate Required Today; Additional Requirements Looming

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As previously warned, February 15, 2018 is the first annual deadline for individuals and companies licensed or otherwise authorized under the New York Insurance, Banking and Financial Services laws (defined as Covered...more

Locke Lord LLP

Cybersecurity Reminder and Heads Up from NY DFS: File Cybersecurity Reg Compliance Certificates, and Prepare for Cybersecurity...

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A press release issued by the New York Department of Financial Services on January 22, 2018 reminds Covered Entities (including banks, insurers and producers, and others regulated by DFS) of their obligation to file a...more

Locke Lord LLP

New York DFS Cybersecurity Regulation Update: Lots Left To Do

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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

Kilpatrick

Cyber Winter is Here, and Coming to Regulation: The New York Rules and the Future of Cybersecurity Regulation

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The State of New York’s response to two large cybersecurity breaches may fuel the transformation of the state regulation of corporate cybersecurity in the U.S. Unlike typical state data breach statutes which focus on...more

Orrick, Herrington & Sutcliffe LLP

New York DFS Cyber Rules Go Live: Here’s Your Roadmap

August 28, 2017 marks the end of the initial 180-day grace period for compliance under the New York Department of Financial Services’ “first-in-the-nation” cybersecurity regulations (the “Rules”). The initial regulations...more

A&O Shearman

New York State Cybersecurity Regulations: First milestone in sight, what is next on the horizon?

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The New York State Department of Financial Services (“NYDFS”) enacted final cybersecurity regulations (“Regulations”) for NYDFS regulated entities that went into effect on March 1, 2017. The first deadline for compliance...more

Farrell Fritz, P.C.

New York’s New Cybersecurity Regulations and its Impact on your Sensitive Health Information

Farrell Fritz, P.C. on

Effective March 1, 2017, the New York State Department of Financial Services promulgated regulations to help protect against cybercriminals and their efforts to exploit sensitive electronic data. These cybersecurity...more

Ballard Spahr LLP

NYDFS Updates FAQs to Clarify Cybersecurity Regulations

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The New York Department of Financial Services (NYDFS) recently updated frequently asked questions (FAQs) about its cybersecurity regulations, 23 NYCRR 500, to address four new issues. NYDFS published its initial set of FAQs...more

BakerHostetler

New York DFS Updates FAQs to Clarify Applicability of Cybersecurity Regulation

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With the first compliance deadline now less than two months away, the New York Department of Financial Services (NYDFS) has provided additional clarity concerning its new Cybersecurity Requirements for Financial Services...more

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