News & Analysis as of

Remote Working NYDFS

Wiley Rein LLP

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

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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

Alston & Bird

Combatting the New Insider Threat: North Korean IT Workers Posing as Remote Employees

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The New York Department of Financial Services issued a cybersecurity advisory on November 1, 2024, regarding a growing threat posed by North Korean operatives seeking remote IT roles at U.S. companies. These operatives secure...more

Husch Blackwell LLP

NYDFS Warns Against the Threat of Accidentally Hiring North Korean Remote IT Workers

Husch Blackwell LLP on

Keypoint: The New York State Department of Financial Services (NYDFS) issued an industry letter outlining the threats posed to U.S. companies who hire remote technology workers linked to North Korea and may embezzle funds...more

Troutman Pepper Locke

NY DFS Issues Guidance to Regulated Entities for Cybersecurity in the Remote Work Environment

Troutman Pepper Locke on

Reminding NY DFS regulated entities that its Cybersecurity Regulation (23 NYCRR Part 500) requires assessment of cybersecurity risk, and the reporting of certain cybersecurity events within 72 hours, the DFS issued guidance...more

Alston & Bird

COVID-19 Is Not A Free Pass For Privacy And Security Compliance

Alston & Bird on

In the wake of stay-at-home orders stemming from the COVID-19 pandemic, companies have rushed to provide work-from-home options for many, if not all, of their employees. As exigency fades into the new normal, however, the...more

Hogan Lovells

New York Department of Financial Services Released New Guidance Addressing COVID-19 Related Cybersecurity Risks

Hogan Lovells on

Continuing its focus on COVID-19’s impact on its regulated entities, on April 13, the New York Department of Financial Services (NYDFS) released new cybersecurity guidance in response to the COVID-19 pandemic....more

Faegre Drinker Biddle & Reath LLP

New York Department of Financial Services Issues New Guidance Regarding COVID-19 Cybersecurity Risks

On April 13, 2020, the New York Department of Financial Services (NYDFS) issued new guidance to all New York State Regulated Entities to highlight “a significant increase in cybercrime” related to the COVID-19 epidemic....more

Rivkin Radler LLP

Coronavirus Update – Workforce Reduction and Litigation Impacts

Rivkin Radler LLP on

In recent days, the State of New York has instituted a number of emergency measures affecting business professionals. All employers in New York State providing non-essential services have been directed to reduce their...more

White and Williams LLP

India’s New Restrictions Will Impact Responses to NYDFS’ Demand for COVID-19 Preparedness and Financial Risks Plans

White and Williams LLP on

We previously wrote about the New York Department of Financial Services (NYDFS) demand that all regulated companies file descriptions of their preparedness plans, financial risk management plans and assessments, in connection...more

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