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NY Department of Financial Services Releases Guidance on Ransomware | Weiner Brodsky Kider PC

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On June 30, 2021, the New York Department of Financial Services (DFS) released ransomware guidance aimed at protecting financial services companies and their customers. The guidance urges each company to implement a cybersecurity program “that is proportionate to its resources and risk.” Additionally, DFS announced in its guidance that it is considering amending its Cybersecurity Regulation to add necessary ransomware protection controls. Specifically, the guidance outlines its expectations including, but not limited to, email filtering and anti-phishing training; vulnerability/patch management; multi-factor authentication; password management; and privileged access management. ....

Weiner Brodsky Kider , York Department Of Financial Services , New York Department , Financial Services , Cybersecurity Regulation , வீனர் ப்ரோட்ஸ்கேய் கீடேர் , யார்க் துறை ஆஃப் நிதி சேவைகள் , புதியது யார்க் துறை , நிதி சேவைகள் , இணைய பாதுகாப்பு ஒழுங்குமுறை ,

NYDFS Data Breach Settlement with Two Life Insurers

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New York Department of Financial Services Announces a $1.8 Million Settlement with Two Life Insurers for Data Breach Violations
Monday, July 12, 2021
The New York Department of Financial Services (“NYDFS”) recently announced that it has entered into a Consent Order with two affiliated life insurers for alleged violations of New York’s Cybersecurity Regulation (the “NY Cybersecurity Regulation”). The NYDFS conducted an investigation and determined that the two life insurers (the “Companies”) had been the subject of two phishing attacks in 2018 and 2019, which compromised the email accounts of several of the Companies’ employees, providing access to a significant amount of sensitive and personal data of their customers. The NYDFS indicated that its investigation revealed the Companies allegedly violated the NY Cybersecurity Regulation by failing to implement MultiFactor Authentication (“MFA”) without implementing reasonably equ ....

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New York Releases Guidance for Ransomware Regulations

New York Releases Guidance for Ransomware Regulations
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New York Department of Financial Services Announces a $1.8 Million Settlement with Two Life Insurers for Data Breach Violations | Polsinelli

New York Department of Financial Services Announces a $1.8 Million Settlement with Two Life Insurers for Data Breach Violations | Polsinelli
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New York And Illinois Regulators Recommend Third Party Cybersecurity Review For Specific Vulnerabilities - Technology

This month, the Illinois Department of Insurance issued guidance to insurers recommending assessments in response to a Microsoft Exchange vulnerability, detailed in the guidance. ....

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