NYDFS Imposes Fine of $5 Million on Carnival for Cybersecurity Breaches
Hunton Privacy
JULY 1, 2022
Since Carnival was licensed by the Department to sell insurance in NY State, it was treated as a covered entity under the Cybersecurity Regulation. In addition to the monetary penalty of $5 million, NYDFS also accepted Carnival’s surrender of its insurance producer license; thus, Carnival has ceased selling insurance in New York.
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