Data Protection Report
NOVEMBER 8, 2023
On November 1, 2023, the New York Department of Financial Services (“NYDFS”) released the finalized amendments of Part 500 of its cybersecurity regulations. c)); – monitor privileged access activity by implementing a privileged access management (“PAM”) solution, and automatically blocking commonly used passwords (500.7(c));
Hunton Privacy
NOVEMBER 23, 2022
On November 9, 2022, the New York Department of Financial Services (NYDFS) released its second, proposed amendments to the Part 500 Cybersecurity Rule. Any cybersecurity event that affects a third-party service provider that also affects the covered entity. Multifactor Authentication.
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Hunton Privacy
AUGUST 15, 2022
On July 29, 2022, the New York Department of Financial Services (“NYDFS”) posted proposed amendments (“Proposed Amendments”) to its Cybersecurity Requirements for Financial Services Companies (“Cybersecurity Regulations”). As part of the “access privileges” requirements under Section 500.7
Data Matters
JANUARY 20, 2021
Office of the Comptroller of the Currency (OCC) issued its controversial final rule (Rule) 1 to establish a new requirement for covered banks to provide “fair access” to financial services to both natural persons and legal entities.
DLA Piper Privacy Matters
JULY 22, 2021
As individuals become more aware of their rights under data protection law, data subject access requests ( DSARs ) are an increasingly frequent concern for organisations both large and small. This allows for restrictions on the right of access: “ where the restrictions are necessary and proportionate ….
Data Matters
JANUARY 28, 2022
Other government agencies, like the New York Department of Financial Services and the Federal Trade Commission, are also increasingly focused on the need for broad implementation of MFA. The agencies recommend that all users, without exception, must be authenticated with MFA for remote access to internal networks.
Hunton Privacy
JULY 12, 2021
On June 30, 2021, the New York State Department of Financial Services (“NYDFS,” the “Department”) issued guidance to all New York state regulated entities on ransomware (the “Guidance”), identifying controls it expects regulated companies to implement whenever possible.
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