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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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SEC Announces Settled Charges Against First American for Cybersecurity Disclosure Controls Failures – Lessons Learned

Data Matters

The SEC is considering enhancing its disclosure rules concerning cybersecurity risk governance and has indicated a target release date of October 2021. 2 See Cybersecurity Risk Governance, 3235-AM89, Securities and Exchange Commission (Spring 2021). 27, 2020). 15, 2020). 15, 2020). 20, 2017). 5 83 FR 8166 (Feb.

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Navigating the EU-US Data Protection Framework

Thales Cloud Protection & Licensing

Navigating the EU-US Data Protection Framework sparsh Thu, 01/11/2024 - 05:26 On 10 July 2023, the European Commission adopted a new adequacy decision regarding the Data Privacy Framework (“DPF”). This follows the invalidation of the EU-US Privacy Shield, by the Court of Justice of the European Union on 16 July 2020.

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Regulatory Update: NAIC Fall 2020 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Fall 2020 National Meeting (Fall Meeting) December 3-9, 2020. These revisions are exposed for comment until January 11, 2021. As a result of the continuing COVID-19 pandemic, the NAIC once again met in a virtual format. NAIC Re-exposes Revisions to SSAP No.

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U.S. Office of the Comptroller of the Currency Updates Third-Party Relationships Risk Management Guidance

Data Matters

On March 5, 2020, the Office of the Comptroller of the Currency (OCC) issued an updated set of answers to frequently asked questions (FAQs) 1 regarding risk management in national bank relationships with third parties to further supplement its 2013 guidance, OCC Bulletin 2013-29 (the Bulletin), 2 and its 2017 FAQs (Prior FAQs) on the topic.

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Regulatory Update: NAIC Summer 2019 National Meeting

Data Matters

The New York State Department of Financial Services recently amended its annuity suitability regulation to apply a “best interest” standard in connection with both life insurance and annuity transactions with consumers. In particular, with the expected start of the ICS monitoring period in 2020, U.S.

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Microsoft Azure Attack Illustrates Ongoing DDoS Threats

eSecurity Planet

The DDoS attack originated from about 70,000 sources through a range of Asian countries, including Malaysia, Vietnam, Taiwan, Japan and China, Dahan wrote in a blog post this week. million DDoS attacks during that time, a record-breaking number that marked an 11 percent year-over-year increase. The attack, which hit 2.4

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