On Tuesday, July 21, 2020, the New York Department of Financial Services (the “NYDFS”) brought its first enforcement action under its Cybersecurity Regulation (the “Regulation”) against a large title insurer (the “Company”) for failing to protect sensitive personal information. The NYDFS is seeking civil monetary penalties, an order requiring the Company to remedy the alleged […]
Search Results for: NYDFS
In Response to Covid-19, NYDFS Delays while CA AG Declines to Change CCPA Timing
According to a report from the International Association of Privacy Professionals, the California Attorney General has confirmed that enforcement of the California Consumer Privacy Act (CCPA) will not be delayed due to the Covid-19 pandemic. “We’re committed to enforcing the law as early as July 1,” said a representative of the Attorney General’s office according […]
NYDFS Cybersecurity Regulations Nearly Fully Effective
The February 15, 2019 NYDFS compliance certification deadline represents the last annual compliance certification subject to the transition period for covered entities to come into compliance with the cybersecurity regulations. NYDFS now expects covered entities to certify as to their compliance with all but one provision of the cybersecurity regulations which relates to the implementation […]
NYDFS Cybersecurity Requirements Compliance Deadline Nears for Key Provisions
September 4, 2018 marks the end of the transitional period for covered entities to comply with several key provisions of the NYDFS Cybersecurity Requirements that require certain systemic and sustained measures. These provisions include the encryption and audit trail requirements as well as ones relating to the implementation of monitoring policies, procedures, and controls, application […]
Rhode Island’s New Cybersecurity Law for Nonbank Financial Institutions
Rhode Island has enacted Senate Bill 603 (SB603), effective July 2, 2025, establishing a comprehensive cybersecurity framework for nonbank financial institutions licensed by the state’s Department of Business Regulation (DBR). Although SB603 is closely modeled after the New York Department of Financial Services’ (NYDFS) Cybersecurity Regulation, 23 NYCRR Part 500 (Part 500), SB603 introduces several […]