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NYDFS Reports Major Cybersecurity Settlement

March 11, 2021 By Michael Young and James Harvey

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 cybersecurity failures. This enforcement action marks the second public enforcement action under 23 NYCRR Part 500 (the “Cybersecurity Regulation”) (see […]

Filed Under: Online Privacy, Privacy and Cybersecurity, State Law Tagged With: #NYDFS, Cybersecurity

SHIELD Act Overhauls New York’s Data Breach Notification Framework

October 30, 2019 By Privacy & Data Security Team

On October 23, 2019, New York’s new breach notification provisions came into effect, a result of New York’s passage of the Stop Hacks and Improve Electronic Data Security Act (SHIELD Act) in July. That Act overhauled New York’s data privacy framework, expanding the list of data elements that are considered “private information” while growing the […]

Filed Under: Online Privacy, Privacy and Cybersecurity Tagged With: #Privacy, Cybersecurity, data breach

California Releases Proposed CCPA Regulations

October 11, 2019 By Michael Young

California Attorney General Xavier Becerra released yesterday a Notice of Proposed Rulemaking Action and Proposed Regulations for the California Consumer Privacy Act. The Attorney General will hold four public hearings to address these regulations on December 2, 3, 4, and 5, 2019. The written comment period will then end on December 6, 2019. These regulations are intended […]

Filed Under: Privacy and Cybersecurity Tagged With: #California, #CCPA, #Privacy, Cybersecurity

The CCPA Could Reset Data Breach Litigation Risks

August 28, 2019 By James Harvey and Gavin Reinke

A&B Abstract: While much has been written about the California Consumer Privacy Act (CCPA), the focus has primarily been on the new rights it affords California consumers to have access to and control use of their data and opt out of many transfers to third parties. While this is a sea change in data privacy […]

Filed Under: Privacy and Cybersecurity Tagged With: #California, #CCPA, Cybersecurity, data breach

New York DFS Unveils Two New Divisions Focused on Consumer Protection, Financial Enforcement and Cybersecurity

June 11, 2019 By Brian Burton

New York State’s Department of Financial Services (DFS) recently unveiled two new divisions with broad enforcement authority focused on consumer protection, financial enforcement, and cybersecurity.  Financial service providers should take note as New York and other states continue to shore up their enforcement capabilities. Consumer Protection & Financial Enforcement DFS’ highly touted Consumer Protection and […]

Filed Under: Consumer Financial Protection Bureau (CFPB), Consumer Loan, Privacy and Cybersecurity, State Law Tagged With: #CPFE, #NYDFS, Cybersecurity

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