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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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Top 12 Cloud Security Best Practices for 2021

eSecurity Planet

Does the provider encrypt data while in transit and at rest? Train your staff. To prevent hackers from getting their hands on access credentials for cloud computing tools, organizations should train all workers on how to spot cybersecurity threats and how to respond to them. Encrypt data in motion and at rest.

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Ransomware Protection in 2021

eSecurity Planet

All of your files are encrypted with RSA-2048 and AES-128 ciphers.” ” Or you might see a readme.txt stating, “Your files have been replaced by these encrypted containers and aren’t accessible; you will lose your files on [enter date] unless you pay $2500 in Bitcoin.” IMPORTANT INFORMATION !!! Spam Filter.

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New York Regulators Call on Insurers to Strengthen the Cyber Underwriting Process

Hunton Privacy

As reported on the Hunton Insurance Recovery blog , on February 4, 2021, the New York Department of Financial Services (“NYDFS”), which regulates the business of insurance in New York, has issued guidelines, in the Insurance Circular Letter No. 10, 2018), remains pending in an Illinois state court. The litigation, Mondelez Intl.

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An Approach to Cybersecurity Risk Oversight for Corporate Directors

Data Matters

Increasingly, thought leaders, professional organizations, and government agencies are beginning to provide answers. Creating an enterprise-wide governance structure. Encrypting critical data assets. Aligning cyber risk with corporate strategy. Aligning cyber risk with corporate strategy. Using appropriate access controls.