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New York Department of Financial Services Issues First Guidance by a U.S. Regulator Concerning Cyber Insurance

Data Matters

On February 4, 2021, the New York Department of Financial Services (NYDFS) issued Circular Letter No. Lacewell stated that cybersecurity is the biggest risk for government and private organizations and described how the Framework is based on “extensive dialogue with industry and experts.”. The Framework. Evaluate Systemic Risk.

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Historic Charges: First Enforcement Action Filed by New York Department of Financial Services Under Cybersecurity Regulation

Data Matters

On July 21, 2020, the New York State Department of Financial Services (NYDFS or the Department) issued a statement of charges and notice of hearing (the Statement) against First American Title Insurance Company (First American) for violations of the Department’s Cybersecurity Requirements for Financial Services Companies, 23 N.Y.C.R.R.

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Law enforcement operation seized Ragnar Locker group’s infrastructure

Security Affairs

Both FBI and Europol declined to comment on the events. The ransomware operation has been active since late December 2019, the FBI published two flash alert to warn of the operation of the group. This is an important achievement in the fight against cybercrime. More details are expected to be released tomorrow.

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NYDFS Imposes Fine of $5 Million on Carnival for Cybersecurity Breaches

Hunton Privacy

On June 24, 2022, the New York State Department of Financial Services (“NYDFS” or the “Department”) announced it had entered into a $5 million settlement with Carnival Corp. Since Carnival was licensed by the Department to sell insurance in NY State, it was treated as a covered entity under the Cybersecurity Regulation.

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Risk Management under the DORA Regulation

IT Governance

Although the total number of data breaches – or rather, in those reported – decreased by 24% between 2019 and 2022 in the finance sector, the number of incidents increased by 99%. So to account for seasonality, we’ve only looked at Q2–Q4 for all four years (2019–2022). million (about £4.70

Risk 104
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Alaris Furthers Commitment to Channel by Hosting Annual Partner Summit

Info Source

May 8, 2019 – Alaris, a Kodak Alaris business, hosted its annual North American Partner Summit in Nashville, Tennessee in April to kick off the new fiscal year. The theme of the event was Unlocking the Future, Together. Rochester, N.Y, NewWave Technologies. Top Reseller, 2018. EDAC Systems, Inc. Top Growth Distributor, 2018.

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ABBYY Opens Office in Hong Kong to Strengthen Presence in Asia

Info Source

July 16, 2019 – ABBYY , a global leader in Content IQ technologies and solutions, today announced it has opened a regional office in Hong Kong to strengthen its relationships with enterprise-level customers and partners in the market. billion in 2019, an almost 80% increase over 2018, and $15.06 MILPITAS, Calif., billion in 2022.