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NYDFS Announces Cybersecurity Settlement, Addresses Multi-Factor Authentication Rules

April 16, 2021 By Michael Young

On April 14, 2021, the New York Department of Financial Services ("NYDFS") announced a settlement with National Securities Corporation (“National Securities”), a licensed insurer, in connection with claims under the NYDFS Cybersecurity Regulation (23 NYCRR Part 500). The consent order requires payment of a $3M penalty and mandatory remediation in response to alleged failures to properly implement multi-factor authentication, provide notice to NYDFS of two cybersecurity events reported to other … [Read more] about NYDFS Announces Cybersecurity Settlement, Addresses Multi-Factor Authentication Rules

Filed Under: Cybersecurity, Data Breach, Data Protection, Data Security, Digital Crimes, Enforcement, Financial Privacy, Insurance Data Security, NYDFS, Regulation

The GDPR Reaches the US Supreme Court in Cert Petition

March 22, 2021 By Daniel Felz

The EU’s General Data Protection Regulation (GDPR) has been raised in a petition for certiorari before the US Supreme Court, apparently for the first time since the GDPR entered into application in 2018.  A party in Vesuvius USA Corp. v. Phillips has … [Read more] about The GDPR Reaches the US Supreme Court in Cert Petition

Filed Under: Data Protection, GDPR, International, Legislation, Privacy, Privacy Litigation Tagged With: GDPR, Litigation, U.S. Supreme Court

Another Court Dismisses Data Breach Class Action Lawsuit for Lack of Standing

March 12, 2021 By Donald Houser, Shifali Baliga and Noelle Reyes

In what appears to be a growing trend, another federal district court has dismissed a data breach case for lack of standing. In Springmeyer et al. v. Marriott International, Inc., 2021 WL 809894 (D. Md.), Plaintiffs, former guests of Marriott hotels, … [Read more] about Another Court Dismisses Data Breach Class Action Lawsuit for Lack of Standing

Filed Under: Data Breach, Data Breach Litigation Tagged With: Identity Theft

NYDFS Reports Major Cybersecurity Settlement

March 11, 2021 By Michael Young and James Harvey

ribbons of data

In early March, the New York Department of Financial Services (NYDFS) announced a settlement involving a $1.5M penalty and mandatory remediation in response to a mortgage lender’s alleged failure to report a cyber breach, and other alleged … [Read more] about NYDFS Reports Major Cybersecurity Settlement

Filed Under: Cyber Risk, Cybercrime, Cybersecurity, Data Breach, Data Breach Litigation, Data Protection, Data Security, Digital Crimes, Enforcement, Financial Privacy, NYDFS, Regulation, Security Breach

Virginia Becomes First State with Comprehensive Privacy Law after CCPA

March 3, 2021 By Michael Young and Dorian Simmons

Yesterday, Virginia became the second state after California to pass a comprehensive privacy law when Governor Ralph Northam signed the Consumer Data Protection Act (CDPA). The CDPA contains many elements found in the California Consumer Privacy Act … [Read more] about Virginia Becomes First State with Comprehensive Privacy Law after CCPA

Filed Under: Uncategorized

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Recent Posts

  • NYDFS Announces Cybersecurity Settlement, Addresses Multi-Factor Authentication Rules
  • The GDPR Reaches the US Supreme Court in Cert Petition
  • Another Court Dismisses Data Breach Class Action Lawsuit for Lack of Standing
  • NYDFS Reports Major Cybersecurity Settlement
  • Virginia Becomes First State with Comprehensive Privacy Law after CCPA
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