New York’s Department of Financial Services signaled once again its intent to strongly enforce the state’s Cybersecurity Regulation by finding OneMain Financial Group violated the law.
The $4.25 million fine is the result of a consent order from the New York State Department of Financial Services. OneMain Financial Group says it has since resolved the security issues.
New York’s Department of Financial Services hit OneMain Financial with a massive penalty, reflecting the severity of security failures found during an audit tied to multiple data breaches.
New York Senate Bill 4007 and Assembly Bill 3007, which represent Governor Kathy Hochul’s state budget proposal, include provisions to amend Article 77 of the New York Insurance Law,.
Superintendent of Financial Services Adrienne A. Harris announced on February 1, 2023 that the New York State Department of Financial Services has adopted a final regulation relating to.