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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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An Approach to Cybersecurity Risk Oversight for Corporate Directors

Data Matters

Increasingly, thought leaders, professional organizations, and government agencies are beginning to provide answers. Instead, they should remain adaptive to the particularized needs of their organization, responsive to new industry developments, and vigilant of changes to business objectives that could affect the cyber threat landscape.