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. Some requirements also apply specifically to larger covered entities falling under the “Class A companies” category.

Financial Services 111

Financial Services Cybersecurity Compliance Government 111

Data Protection Report

NOVEMBER 14, 2022

On November 9, 2022, the New York Department of Financial Services (NYDFS) officially proposed changes to its cybersecurity regulation and opened a 60-day public comment period. Notice of Cybersecurity Event. Revised Definition of Class A Companies and other Key Requirements. Board Expertise and Oversight.

Cybersecurity 116

Cybersecurity Passwords Risk Compliance 116

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”). Below are the key changes introduced by the Proposed Amendments. Class A Companies.

Financial Services 55

Financial Services Cybersecurity Risk Passwords 55

Data Protection Report

JANUARY 30, 2023

to report this event to the Department within 72 hours of its being discovered.”) The other four requirements were already present in New York’s General Business Law § 399-z. 7. a (Yes). In the Matter of Coinbase , Consent Order, ¶ 67 (Jan. Coinbase was required by 23 NYCRR § 500.17 8. b.

Privacy 115

Privacy Cybersecurity Personal data Insurance 115

Data Protection Report

AUGUST 11, 2022

On July 29, 2022, the New York Department of Financial Services (NYDFS) announced a “pre-proposed outreach” of material proposed changes to almost every section of its cybersecurity regulations, and would affect each entity covered by the current regulations of 23 NYCRR Part 500. The Proposed Regulation Changes. Governance.

Cybersecurity 59

Cybersecurity Risk Passwords Compliance 59

Cyber Info Veritas

JULY 19, 2018

This is according to a recent survey conducted by Soha Systems, and according to one of the speeches delivered by the Superintendent of the New York State Department of Financial Services, Mr. Benjamin Lawsky, “ A company’s cybersecurity is only as strong as the cybersecurity of its third-party vendors ”.

Risk 40

Risk Cybersecurity Compliance Data breaches 40