NY DFS Proposes New Cybersecurity Regs
Account Recovery
NOVEMBER 10, 2022
A copy of the proposed … The post NY DFS Proposes New Cybersecurity Regs appeared first on AccountsRecovery.net.
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Account Recovery
NOVEMBER 10, 2022
A copy of the proposed … The post NY DFS Proposes New Cybersecurity Regs appeared first on AccountsRecovery.net.
Account Recovery
APRIL 25, 2024
Demonstrating the Highest Level of Information Protection Assurance HITRUST Risk-Based, 2-year (r2) Certification validates State Collection Service is committed to strong cybersecurity and protecting sensitive data.
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Account Recovery
NOVEMBER 2, 2023
The New York Department of Financial Services yesterday updated and amended its cybersecurity regulations, instituting more controls and protections while also updating the notification requirements in the event of a ransomware attack.
Account Recovery
MAY 26, 2023
The New York State Department of Financial Services has fined OneMain Financial $4.25 million for violating the state’s cybersecurity regulations by failing to manage third-party service provider risk, access privileges, and for failing to maintain a formal application security development methodology.
Speaker: Karl Camilleri, Cloud Services Product Manager at phoenixNAP
It’s mindboggling, but right now for 49% of respondents, cybersecurity is their primary business concern. Through a detailed analysis of major attacks and their consequences, Karl Camilleri, Cloud Services Product Manager at phoenixNAP, will provide you with best practices for attack prevention and recovery.
Account Recovery
OCTOBER 19, 2022
The New York Department of Financial Services has assessed a fine of $4.5 million to a company for violating its cybersecurity regulations after an employee of the company was victimized by a phishing attack, which exposed non-public personal health data of hundreds of thousands of individuals, including minors.
Consumer Finance Watch
APRIL 12, 2021
Eng In March 2017, New York State’s Department of Financial Services (“DFS”) implemented the nation’s first cybersecurity rules requiring all regulated entities, such as banks, insurers, financial businesses, and regulated virtual currency operators, to … Continue reading → Roberts and Diana M.
Troutman Sanders
NOVEMBER 3, 2023
On November 1, New York Governor Kathy Hochul announced that the state’s Department of Financial Services (NY DFS) has amended its Cybersecurity Regulations to “enhance cyber governance, mitigate risks, and protect New York businesses and consumers from cyber threats.”
Troutman Sanders
NOVEMBER 16, 2023
Join Troutman Pepper Partner Chris Willis as he discusses the New York Department of Financial Services’ (NYDFS) latest updates to its cybersecurity regulations with Troutman Pepper Privacy + Cyber Partner Kim Phan. Transcript: The NYDFS Updates Its Stringent Cybersecurity Regulations.
Nerd Wallet
SEPTEMBER 1, 2021
Cybersecurity insurance protects businesses against financial losses caused by cyber incidents, including data breaches and theft, system hacking, ransomware extortion payments and denial of service. The article Cybersecurity Insurance: What It Is, Which Businesses Need It originally appeared on NerdWallet.
Jimerson Firm
SEPTEMBER 1, 2021
On Thursday, October 7, 2021 from 11:30 PM-1:00 PM, two of our attorneys will be joined by cybersecurity industry leaders to present Protecting Your Business From a Ransomware Attack. Trooper Adam Johnson, Florida Bureau of Criminal Investigations and Intelligence, Florida Highway Patrol Special Services Command. REGISTER NOW.
Troutman Sanders
APRIL 22, 2022
Department of Justice (DOJ) agreed to a $930,000 settlement with Comprehensive Health Services (CHS) to resolve False Claims Act allegations. Specifically, the initiative seeks to hold government contractors accountable when they fail to follow the federal government’s cybersecurity requirements. Civil Cyber Fraud Initiative.
Troutman Sanders
DECEMBER 15, 2022
Please join Consumer Financial Services Partner Chris Willis and his colleagues Privacy + Cyber Associate Sadia Mirza and Privacy + Cyber Partner Kamran Salour as they discuss phishing. Kamran Salour focuses his practice on helping clients through their toughest cybersecurity and privacy issues with his extensive data security experience.
Nexa Collect
JUNE 21, 2023
Risk Assessments and Audits : Certain businesses must conduct regular risk assessments and submit cybersecurity audits regarding their processing of consumers’ personal information. Exemptions : The CPRA extends certain exemptions, such as those for business-to-business (B2B) and employee data, but they are subject to conditions.
Troutman Sanders
MARCH 14, 2022
Like most industries today, Consumer Finance Services businesses are being significantly impacted by the novel coronavirus (COVID-19). Privacy and Cybersecurity Activities. Senator Sherrod Brown introduced a Senate bill that would ban forced arbitration clauses in the financial services industry. State Activities.
Troutman Sanders
MAY 23, 2022
Like most industries today, Consumer Finance Services businesses continue to be significantly impacted by COVID-19. Privacy and Cybersecurity Activities. digital asset businesses, comparisons to traditional financial services and financial inclusion considerations, as well as technological considerations. State Activities.
Troutman Sanders
FEBRUARY 3, 2022
On January 20, President Biden signed a memorandum aimed at improving the cybersecurity of the National Security, Department of Defense, and Intelligence Community Systems (together, the “National Security Systems). Identifying Sensitive Information/Systems. Protecting Sensitive Information. Responding to Threats.
Troutman Sanders
FEBRUARY 16, 2021
On February 4, the New York Department of Financial Services (DFS) released the Cyber Insurance Risk Framework (Framework), which is considered the first guidance by a U.S. This means that insurers will need to assess an organization’s cybersecurity programs to identify the level of risk associated with that specific organization.
Troutman Sanders
AUGUST 2, 2022
But the American Bankers Association and Bank Policy Institute say the amendment as applied to financial institutions would duplicate existing regulations under the Dodd-Frank Act, while also requiring the turnover of a substantial amount of cybersecurity-related data that could prove dangerous in the wrong hands.
Troutman Sanders
NOVEMBER 29, 2021
Like most industries today, Consumer Finance Services businesses are being significantly impacted by the novel coronavirus (COVID-19). Privacy and Cybersecurity Activities. Troutman Pepper has developed a dedicated COVID-19 Resource Center to guide clients through this unprecedented global health challenge. State Activities.
Troutman Sanders
MAY 9, 2022
Like most industries today, Consumer Finance Services businesses continue to be significantly impacted by COVID-19. Privacy and Cybersecurity Activities. The report details key findings across consumer financial products and services. State Activities. Court of Appeals for the Second Circuit. For more information, click here.
Jimerson Firm
OCTOBER 26, 2021
Companies of all sizes – even those with good IT services – have become victims, and these crimes are increasing every single day, leading business leaders to wonder what more can be done to protect their businesses. Special Counsel for Jimerson Birr. Special Counsel for Jimerson Birr. Jimerson, Esq. Jimerson, Esq.,
Troutman Sanders
DECEMBER 14, 2021
Like most industries today, Consumer Finance Services businesses are being significantly impacted by the novel coronavirus (COVID-19). Privacy and Cybersecurity Activities. the NIST Cybersecurity Framework, the FFIEC Cyber Assessment Tool, etc.) the NIST Cybersecurity Framework, the FFIEC Cyber Assessment Tool, etc.)
Troutman Sanders
AUGUST 7, 2023
On August 1, the Board of Governors of the Federal Reserve System (the Fed) delivered to Congress its Cybersecurity and Financial System Resilience Report (report). Under the Consolidated Appropriations Act, the Fed is required to submit to Congress annually for seven years a report focused on cybersecurity. dba DEBT Box.
Troutman Sanders
MARCH 21, 2022
Like most industries today, Consumer Finance Services businesses are being significantly impacted by the novel coronavirus (COVID-19). Privacy and Cybersecurity Activities. Currently, the Fed expects to release the FedNow Service in 2023, although in phases. State Activities. For more information, click here.
Troutman Sanders
JUNE 10, 2021
On May 12, President Biden signed an executive order (EO) that seeks to improve the federal government’s cybersecurity. Requires Federal Agencies to Update and Modernize Their Cybersecurity Standards. This comes in the wake of sweeping cyber incidents, such as the SolarWinds incident. Establishes a National Review Board.
Troutman Sanders
FEBRUARY 7, 2022
Like most industries today, Consumer Finance Services businesses are being significantly impacted by the novel coronavirus (COVID-19). Privacy and Cybersecurity Activities. This initiative was first described in President Biden’s May 2021 Executive Order 14028, “Improving the Nation’s Cybersecurity.” State Activities.
Troutman Sanders
NOVEMBER 30, 2021
We will continue to offer webinars related to legal issues and recent decisions affecting the consumer financial services industry caused by COVID-19 or otherwise. If you have any questions about this series, please contact us. VISIT OUR BLOG FOR REGULAR UPDATES.
Burr Forman
OCTOBER 28, 2021
October Is Cybersecurity Awareness Month. Below is a sampling of our cybersecurity articles: Your Business Experienced a Ransomware Attack, and It Was Not Prepared – Now What? Cybersecurity & Data Privacy Team Member Spotlight. Burr & Forman Corporate E-Note is a monthly e-mail service provided by Burr & Forman LLP.
Troutman Sanders
JANUARY 28, 2022
2021 was a transformative year for the consumer financial services world. To access the report and view a message from Consumer Financial Services Practice Group Leader, Michael Lacy, and learn about our complementary webinar offerings, please click here. We hope this report brings you value.
Troutman Sanders
NOVEMBER 24, 2020
Like most industries today, Consumer Finance Services businesses are being significantly impacted by the novel coronavirus (COVID-19). Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures.
Jimerson Firm
DECEMBER 13, 2023
Motivated and sophisticated hacker collectives target everything from financial service providers to healthcare providers trying to find accessible, sensitive information. As cybersecurity advancements race to keep pace with evolving malware and hacking tools, sometimes hackers obtain a competitive edge, and sensitive data is compromised.
Troutman Sanders
JUNE 30, 2022
Kim Phan, a partner in the firm’s Privacy + Cybersecurity Practice Group, counsels fintech companies in federal and state privacy and data security statutes and regulations throughout product development, marketing, and implementation.
Troutman Sanders
NOVEMBER 29, 2021
An IRP allows a licensee to promptly respond to, and recover from, a cybersecurity event that compromises the integrity of nonpublic information or the continuing functionality of any aspect of the licensee’s business or operations. Moreover, licensees must develop an incident response plan (IRP).
Troutman Sanders
MARCH 22, 2021
The amendment also would prevent consumer reporting agencies (CRAs) from using a consumer’s Social Security number for verification purposes and grants authority to the Consumer Financial Protection Bureau (CFPB) to oversee the cybersecurity efforts of CRAs.
Collection Industry News
OCTOBER 3, 2022
Senate Majority Leader Chuck Schumer on Sunday urged federal officials to increase their efforts to protect consumers from cybersecurity breaches and investigate those responsible for such hacks. “I The post Schumer urges FTC and DOJ to increase protections against cybersecurity hacks appeared first on Collection Industry News.
Troutman Sanders
MARCH 8, 2022
Like most industries today, Consumer Finance Services businesses are being significantly impacted by the novel coronavirus (COVID-19). Privacy and Cybersecurity Activities. Privacy and Cybersecurity Activities: On March 3, the final version of the Utah Consumer Privacy Act (UCPA) was sent to Utah’s governor for final signature.
Troutman Sanders
MARCH 2, 2021
2020 was a transformative year for the consumer financial services world. We hope you find this helpful as you navigate the evolving consumer financial services landscape. Access full report here.
Troutman Sanders
JUNE 27, 2022
Like most industries today, Consumer Finance Services businesses continue to be significantly impacted by COVID-19. Privacy and Cybersecurity Activities. On June 8, the New York State Department of Financial Services (NYDFS) issued new guidance on issuing U.S. State Activities. For more information, click here.
Troutman Sanders
MAY 17, 2021
Like most industries today, Consumer Finance Services businesses are being significantly impacted by the novel coronavirus (COVID-19). Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures.
Troutman Sanders
JULY 12, 2021
Organizations worldwide were busy this weekend after Keyasa, a software provider servicing more than 40,000 organizations, disclosed that it was the victim of a sophisticated cyberattack that is believed to have been orchestrated by REvil, a cybercriminal acting out of Russia. State legislatures are also examining the issue. North Carolina.
Troutman Sanders
FEBRUARY 22, 2021
Like most industries today, Consumer Finance Services businesses are being significantly impacted by the novel coronavirus (COVID-19). Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures.
Troutman Sanders
NOVEMBER 1, 2021
Like most industries today, Consumer Finance Services businesses are being significantly impacted by the novel coronavirus (COVID-19). Privacy and Cybersecurity Activities. On October 29, New York Attorney General Letitia Jams announced “agreement with Ticket Fulfillment Services, L.P. State Activities.
Troutman Sanders
APRIL 25, 2022
Like most industries today, Consumer Finance Services businesses continue to be significantly impacted by COVID-19. Privacy and Cybersecurity Activities. The CFPB will be focusing on ways to ensure that rural communities can better access relationship banking services and achieve their economic potential.” State Activities.
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