News & Analysis as of

NYDFS Fraud Cybersecurity

Wiley Rein LLP

Continued Remote Hiring Concerns in IT Sector: What to Look for in 2025 and How to Mitigate Business Risk

Wiley Rein LLP on

Remote worker fraud is expected to continue to proliferate in 2025. Fully remote hiring and work, particularly in the technology sector, continues to pose unique business and legal risks for companies. Just in December 2024,...more

Shipkevich PLLC

Coinbase Agrees To Settlement With New York Regulator

Shipkevich PLLC on

On January 4, 2023, the New York State Department of Financial Services issued a consent order against Coinbase, a virtual currency company. Pursuant to the consent order, Coinbase will be paying a $50 million penalty to the...more

Clark Hill PLC

Hackers Targeting Insurance Instant Quote Sites

Clark Hill PLC on

The New York Department of Financial Services issued a cybersecurity fraud alert (“Alert”) to all regulated entities, particularly those utilizing public-facing websites that display nonpublic information (“NPI”), even if...more

Fox Rothschild LLP

NY Dpt. Of Financial Services Issues Guidance Identifying Heightened COVID-19 Cybersecurity Risks

Fox Rothschild LLP on

Citing a “significant increase in cybercrime” during the COVID-19 pandemic, the New York Department of Financial Services (DFS) issued guidance to all New York State regulated entities identifying areas of heightened...more

Robinson+Cole Data Privacy + Security Insider

New York Department of Financial Services Issues Guidance Regarding Heightened Cybersecurity Awareness During COVID-19 Pandemic

The New York Department of Financial Services (DFS) recently issued guidance to its regulated entities regarding heightened cybersecurity awareness as a result of the COVID-19 pandemic....more

Jones Day

Global Privacy & Cybersecurity Update Vol. 13

Jones Day on

On December 28, 2016, the New York Department of Financial Services ("DFS") released a revised version of a proposed regulation that would require banks, insurance companies, and other financial services institutions...more

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