The New Vendor Management World Under NYDFS’ New Cyber Regulation
Posted on Mar 29, 2019 in Cybersecurity, Data Privacy, Government, Regulation | Comments Off on The New Vendor Management World Under NYDFS’ New Cyber Regulation
As of March 1, 2019, the New York State Department of Financial Services’ (NYDFS) cybersecurity regulation, 23 NYCRR Part 500, requires financial services institutions regulated by NYDFS to implement policies and procedures to address the cybersecurity risks posed by third-party service providers to the institutions’ nonpublic information (NPI). Learn more.
Know Your Tech
Technologies often provide solutions, if not game-changing solutions; but there is no solution that comes without its own challenges. Knowing what those potential challenges are up front is becoming increasingly critical. For both pragmatic and regulatory reasons, it is more important than ever that boards, senior executives and general counsels sufficiently understand technologies...Will you meet the new cybersecurity vendor management requirements? ATTORNEY ADVERTISING
Posted on Mar 5, 2019 in Cybersecurity, Data Privacy, Insurance | Comments Off on Will you meet the new cybersecurity vendor management requirements? ATTORNEY ADVERTISING
March 1 is upon us, now what? The deadline for the NY Department of Financial Services’ “first of its kind” cyber regulation has arrived for financial services institutions to implement programs that properly evaluate and manage the data security risks posed by their vendors. To manage these risks, institutions must go beyond the traditional vendor management function and far deeper...
FTC Issues Largest Fine Ever Under COPPA
Posted on Mar 3, 2019 in Data Privacy, Litigation, Regulation | Comments Off on FTC Issues Largest Fine Ever Under COPPA
On February 27, the Federal Trade Commission announced a settlement with video social networking app TikTok, in which the company agreed to pay $5.7 million for violating the Children’s Online Privacy Protection Act (COPPA), the largest fine issued under the law to date. According to the FTC, the company was aware that children under 13 were using the app but failed to obtain...
Cybersecurity and Data Privacy review and update: Looking back on 2018 and planning ahead for 2019
Posted on Mar 1, 2019 in Cybersecurity, Data Privacy, Energy and Infrastructure, Financial Services, GDPR, Government, Insurance, Intellectual Property, Litigation, Regulation, Securities & Corporate Governance | Comments Off on Cybersecurity and Data Privacy review and update: Looking back on 2018 and planning ahead for 2019
From the implementation of the GDPR to the passage of the CCPA, the year 2018 proved to be a monumental one for cybersecurity and data privacy. Regulators from around the world responded to devastating, large-scale cyber-attacks, and a desire for their citizens to have more control over their data, by passing a wide range of regulations aimed at protecting consumer information. These...
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