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FDIC, FRB and OCC Issue Interagency Guidance on Third-Party Relationships

Hunton Privacy

On June 6, 2023, the Federal Deposit Insurance Corporation (“FDIC”), the Board of Governors of the Federal Reserve System (“FRB”) and the Office of the Comptroller of the Currency (“OCC”) issued their final Interagency Guidance on Third-Party Relationships (“Guidance”).

Risk 64
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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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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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SEC Chair: Sweeping New Cybersecurity Rules Are Coming Soon

Data Matters

Stay Up to Date on SEC Alerts Related to Cybersecurity: For instance, in 2020 the Division of Examinations published three alerts related to cybersecurity (OCIE Cybersecurity and Resiliency Practices; Ransomware Alert; and Safeguarding Client Accounts against Credential Compromise). Best Practices for Public Companies.

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Top Cybersecurity Startups to Watch in 2022

eSecurity Planet

Information security products , services, and professionals have never been in higher demand, making for a world of opportunities for cybersecurity startups. Startup Est Headquarters Staff Funding Funding Type Abnormal Security 2018 San Francisco, CA 261 $74.0 Series B Apiiro Security 2019 Tel Aviv, Israel 65 $35.0

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2019 end-of-year review part 1: January to June

IT Governance

IT Governance is closing out the year by rounding up 2019’s biggest information security stories. The supreme court is expected to make its decision in 2020. US food giant Mondelez sued insurance company Zurich American for denying a $100 million (£77 million) claim filed after the NotPetya attack.