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

Data Protection Report

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.

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NYDFS Imposes Fine of $5 Million on Carnival for Cybersecurity Breaches

Hunton Privacy

On June 24, 2022, the New York State Department of Financial Services (“NYDFS” or the “Department”) announced it had entered into a $5 million settlement with Carnival Corp.

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The Week in Cyber Security and Data Privacy: 22 – 28 April 2024

IT Governance

Keyboard app vulnerabilities reveal keystrokes to network eavesdroppers Security researchers have identified critical security vulnerabilities in Cloud-based pinyin keyboard apps from Baidu, Inc., We identified certain accounts that we believe are affiliated with the Spy.pet website, which we have subsequently banned.”