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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. Since Carnival was licensed by the Department to sell insurance in NY State, it was treated as a covered entity under the Cybersecurity Regulation.

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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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NYDFS settles with EyeMed for $4.5 million

Data Protection Report

On October 18, 2022, the New York Department of Financial Services announced a settlement with EyeMed, a licensed life, accident, and health insurer, with respect to a security incident that occurred in 2020. Proper disposal processes minimize the amount of NPI accessible to an unauthorized third party during a Cyber Event.”

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The Impact of Data Protection Laws on Your Records Retention Schedule

ARMA International

Introduction to Data Protection Laws. Data protection laws, regulations, and rules control the collection, use, transfer, and storage of personal and sensitive information. Personal data protection requirements may be issued by federal, state (provincial), or local governments.

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(Discussion Recap) A Perfect Storm? Panel Discussion on Handling a Cybersecurity Incident

HL Chronicle of Data Protection

On Tuesday, 3 March 2020, we welcomed our financial services clients in London to a lively panel event, which covered the multitude of issues which arise in a cybersecurity incident. Peter Marta. Arwen Handley. Philip Parish. Nicola Fulford.

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What is a Cyberattack? Types and Defenses

eSecurity Planet

Crimeware is a type of malware that cyber criminals use to commit identity theft or gain financial information to execute transactions. Other techniques to steal personal data include the use of keyloggers that record all keystrokes and can reveal information. Security information and event management (SIEM).

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FRANCE: CNIL adopts new single authorization on fraud prevention systems

DLA Piper Privacy Matters

The French data protection authority (CNIL) has just adopted Single Authorization No. AU-054 (the “AU-054”) on July 13, 2017 in order to cover the processing of personal data implemented in relation to these fraud prevention/detection systems. 311-2 of the Code Monétaire et Financier. .