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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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Protecting Sensitive Data with Luna Key Broker for Microsoft Double Key Encryption

Thales Cloud Protection & Licensing

Protecting Sensitive Data with Luna Key Broker for Microsoft Double Key Encryption. Microsoft DKE using Thales Luna HSMs makes it easy for organizations to follow security and key management best practices to meet compliance needs, while still realizing the benefits that hosting data in Microsoft Azure has to offer.

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Cybersecurity Standards for the Insurance Sector – A New Patchwork Quilt in the US?

HL Chronicle of Data Protection

In the past two years, multiple state bills that have been introduced in the US to provide for cybersecurity requirements and standards to the insurance sector, with recent legislative activity taking place in particular within the States of Ohio, South Carolina, and Michigan. NYDFS: Setting a new bar for state cybersecurity regulation.

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New York SHIELD Act $600,000 settlement

Data Protection Report

According to the settlement agreement, the AG concluded that EyeMed’s security practices did not meet the requirements of the SHIELD Act with respect to four requirements: authentication, password management, logging and monitoring, and data retention in the email account. In total, information for approximately 2.1 SHIELD Act.

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Top GRC Tools & Software for 2021

eSecurity Planet

LogicManager’s GRC solution has specific use cases across financial services, education, government, healthcare, retail, and technology industries, among others. Insurance & claims management. It relies heavily on documenting all efforts to meet relevant standards, usually concerning data protection and privacy.

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Top 10 Governance, Risk and Compliance (GRC) Vendors

eSecurity Planet

LogicManager’s GRC solution has specific use cases across financial services, education, government, healthcare, retail, and technology industries, among others. Insurance & claims management. It relies heavily on documenting all efforts to meet relevant standards, usually concerning data protection and privacy.

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FTC Seeks Comment on Proposed Changes to GLBA Implementing Rules

HL Chronicle of Data Protection

The CFPB’s amended Regulation P provides that FIs that meet certain conditions are exempt from the GLBA requirement to deliver an annual privacy notice. Specific information security measures. The proposed Rule is much more detailed in terms of security measures that FIs must implement.

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