News & Analysis as of

Remote Working NYDFS Cybersecurity

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

Alston & Bird on

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

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

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