2022, Financial Services and Information governance

$8 million penalty to NYDFS – and another case of over-retention

Data Protection Report

JANUARY 18, 2024

On January 3, 2024, the New York Department of Financial Services announced a consent order with GGT, where GGT agreed to pay NYDFS $8 million and to surrender its BitLicense (for cryptocurrency trading), due to alleged violations of NYDFS’ cybersecurity and its virtual currency regulations.

Cybersecurity

Cybersecurity Financial Services Compliance Encryption

The Impact of Data Protection Laws on Your Records Retention Schedule

ARMA International

APRIL 18, 2022

The purpose of this article is to remove the fear and intimidation of domestic and global data protection laws and show how these laws and requirements are consistent with the existing objectives of your records retention schedule and information governance policy. Accessed March 13, 2022. Accessed March 3, 2022.

Personal data

Personal data GDPR Privacy Records Management

Information Management Today

$8 million penalty to NYDFS – and another case of over-retention

The Impact of Data Protection Laws on Your Records Retention Schedule

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