Earlier this month, the New York State Department of Financial Services (NYDFS) announced a settlement and consent order with National Securities Corporation (National Securities) for $3 million in connection with National...more
4/27/2021
/ Compliance ,
Cybersecurity ,
Data Breach ,
Enforcement Actions ,
Financial Institutions ,
Financial Services Industry ,
National Security ,
National Security Review Proceedings ,
New York ,
NYDFS ,
Popular ,
Settlement
On March 1, 2021, the National Security Commission on Artificial Intelligence (NSCAI) released its 700-page Final Report (the “Report”), which presents NSCAI’s recommendations for “winning the AI era” (The Report can be...more
On March 3, 2021, the New York State Department of Financial Services (NYDFS) announced a settlement with Residential Mortgage Services, Inc. (RMS) for $1.5 million in connection with its violation of the NYDFS Cybersecurity...more
3/8/2021
/ Cyber Attacks ,
Cybersecurity ,
Data Breach ,
Enforcement Actions ,
Financial Services Industry ,
Government Agencies ,
Notification Requirements ,
Personal Data ,
Phishing Scams ,
Popular ,
Risk Assessment ,
Settlement ,
State and Local Government
On February 4, 2021, the Eleventh Circuit Court of Appeals issued a critical opinion addressing Article III standing in private data breach actions, which has been the subject of a closely watched circuit split.
The case,...more
3/2/2021
/ Appeals ,
Article III ,
Class Action ,
Consumer Information ,
Cybersecurity ,
Data Breach ,
Data Privacy ,
Injury-in-Fact ,
Personal Information ,
Popular ,
Standing
On October 8, 2020, Community Health Systems, Inc. (Community Health) and its subsidiary CHSPSC, LLC entered into a settlement agreement with 28 states for $5 million to resolve claims related to a 2014 data breach. Community...more
In July 2020, the New York State Department of Financial Services (NYDFS) filed the first enforcement action under the new NYDFS Cybersecurity Regulation, 23 NYCRR Part 500 (Part 500), against First American Title Insurance...more