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: Cybersecurity Regulation
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 […]
New York Financial Services Regulator Issues Revisions to Proposed Cybersecurity Regulation
Today, the New York Department of Financial Services (DFS) released a revised version of the proposed cybersecurity regulations that it first issued in September. According to a press release issued by DFS Superintendent Vullo, the new version of the proposed rules will be finalized following a 30-day notice and public comment period. Among the most […]
New York State Financial Services Regulator Issues Proposed Cybersecurity Regulations
On September 13, 2016, Governor Andrew Cuomo announced the issuance of proposed “first-in-the-nation” cybersecurity regulations for entities regulated by the New York Department of Financial Services (DFS), including jurisdictional banks, insurance companies, and other financial institutions. The proposed regulation will be subject to a 45-day comment period prior to being issued as a final rule. […]
New EU Regulation Clarifies Cybersecurity Rules for IoT Devices and Other ‘Products with Digital Elements’
On November 28 2025, the European Commission adopted a regulation implementing the Cyber Resilience Act (‘CRA’) – an EU-wide law which lays down cybersecurity requirements for companies that design and sell ‘products with digital elements’. PDEs can take many forms including IoT devices, hardware components, and certain software. The CRA imposes cybersecurity obligations in connection […]