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White & Case LLP

NYDFS Releases Artificial Intelligence Cybersecurity Guidance For Covered Entities

White & Case LLP on

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

Skadden, Arps, Slate, Meagher & Flom LLP

The Informed Board - November 2024

Skadden, Arps, Slate, Meagher & Flom LLP on

At what point has a director served too long? What about term limits? A mandatory retirement age? When do a director’s skills become stale? These issues are addressed in this issue of The Informed Board, as well as why proxy...more

A&O Shearman

Cyber and AI: NYDFS has entered the chat

A&O Shearman on

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

Australia’s Cyber Security Strategy in Action – Three New Draft Laws Published

DLA Piper on

It has been a busy month for cyber and privacy regulation in Australia. On the heels of the proposed amendments to the Privacy Act 1988 released just under a month ago, three further draft Bills relating to cyber security...more

Mayer Brown

Hong Kong Proposes the Introduction of a Legal Framework for Regulating Critical Infrastructures

Mayer Brown on

INTRODUCTION - The acceleration of the rate of cyber-attacks against companies in Hong Kong in the last year or so (with over 60 notifications of such attacks being received by the Office of the Privacy Commissioner of...more

DLA Piper

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

DLA Piper on

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

DLA Piper

Australia: Anti-Scam Measures and Ransomware Reporting on the Agenda

DLA Piper on

Cyber regulation is changing in Australia. As governments globally grapple with the everchanging and increasingly challenging cyber landscape, Australia is poised to implement new laws and update existing regulation in order...more

Jenner & Block

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

Jenner & Block on

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

Morgan Lewis - Tech & Sourcing

NYDFS Publishes Proposed Amendment to Its Cybersecurity Rules for Financial Services Companies

Morgan Lewis - Tech & Sourcing on

The New York Department of Financial Services (NYDFS) published its proposed amendment to its 23 NYCRR Part 500 (Cybersecurity Rules) on November 9, 2022, following the release of the draft version on July 29, 2022....more

The Volkov Law Group

New York’s Department of Financial Services Proposes New Cyber Compliance Requirements

The Volkov Law Group on

The New York Department of Financial Services (“DFS”) has proposed rule changes to increase cyber compliance requirements. DFS has been the leading regulatory force in the cybersecurity industry. ...more

Carlton Fields

What the Recent NAIC Financial Condition Examiners Handbook Changes Mean for Insurers

Carlton Fields on

On September 21, 2015, the National Association of Insurance Commissioners (NAIC) IT Examination Working Group adopted amendments to the IT section of the Financial Condition Examiners Handbook (“the Handbook”). The changes...more

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