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Kristen Bartolotta

NYDFS Issues Guidance on Multi-Factor Authentication

December 14, 2021 By Kim Peretti, Kate Hanniford and Kristen Bartolotta

The New York Department of Financial Services (NYDFS) continues to refine its position regarding the importance of and requirements regarding Multi-Factor Authentication (MFA), as evidenced most recently with the release of new guidance. This new guidance is consistent with its June guidance, in which NYDFS clarified its expectation that NYDFS-regulated covered entities subject to 500.12 […]

Filed Under: Cybersecurity, Data Protection, Data Security, Enforcement, NYDFS Tagged With: cybersecurity

Federal Bank Regulatory Agencies Release Final Rule to Require Notification of Cyber Incidents

November 22, 2021 By Kate Hanniford and Kristen Bartolotta

On November 18, 2021, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation jointly announced the approval of a final rule to improve the sharing of information about cyber incidents that may affect the U.S. banking system. The rule applies to […]

Filed Under: Cybersecurity, Data Breach, Data Protection, Data Security, Enforcement, Regulation, Security Breach Tagged With: Data Breach Notification

Treasury FinCEN Releases Financial Trend Analysis of Ransomware Trends in 2021

October 19, 2021 By Kim Peretti and Kristen Bartolotta

By Kim Peretti, Brian Frey, and Kristen Bartolotta On October 15, 2021 the Financial Crimes Enforcement Network (FinCen) of the Treasury Department issued a financial trend analysis on ransomware relating to Bank Secrecy Act (BSA) reporting filed in the first half of this year. FinCEN examined ransomware-related Suspicious Activity Reports (SARs) filed between January 1 […]

Filed Under: Crypto, Cyber Risk, Cybercrime, Cybersecurity, Digital Crimes, Enforcement, Ransomware, Virtual Currency

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