On October 22, 2021, the New York State Department of Financial Services (“DFS”) issued new Guidance regarding a Covered Entity’s compliance with New York’s Cybersecurity Regulation where the Covered Entity relies on the...more
In response to the COVID-19 pandemic, the New York Department of Financial Services (DFS) recently extended by 45 days the deadline for companies to certify compliance with the DFS cybersecurity regulation. ...more
New filings in the consolidated Home Depot data breach litigation, which we have previously covered on this blog, indicate that Home Depot and the remaining financial institution plaintiffs have reached a...more
3/13/2017
/ Class Action ,
Corporate Counsel ,
Cyber Attacks ,
Cybersecurity ,
Data Breach ,
Debit and Credit Card Transactions ,
Financial Institutions ,
Home Depot ,
Malware ,
Point of Sale Terminals ,
Popular ,
Retail Market ,
Settlement
The Financial Crimes Enforcement Network, or FinCEN, an arm of the United States Department of the Treasury, issued an advisory last week to remind financial institutions of their obligations to report cyber-events on...more
11/2/2016
/ Anti-Money Laundering ,
Bank Secrecy Act ,
Compliance ,
Cyber Crimes ,
Cyber Threats ,
Cybersecurity ,
Department of Financial Services ,
Financial Institutions ,
FinCEN ,
Information Sharing ,
New Regulations ,
Reporting Requirements ,
Suspicious Activity Reports (SARs)
With the public comment period closing in a few days, the New York Department of Financial Services (DFS) “first in the nation” cybersecurity regulation is one step closer to becoming law. The regulation – which covers a...more
Has North Korea struck again? Do its recent attacks signal a shift from those motivated by political retribution to those motivated by financial gain? What does this mean for financial institutions?...more
More than a year and a half ago, Home Depot announced that it had been a victim of one of the largest data breaches in U.S. history. Media outlets reported that the breach had affected Home Depot’s customers who had made...more
5/9/2016
/ Article III ,
Banking Sector ,
Class Action ,
Corporate Counsel ,
Cyber Attacks ,
Data Breach ,
Financial Institutions ,
Free Identity Theft Protection ,
Hackers ,
Home Depot ,
Malware ,
Negligence ,
Popular ,
Qualified Settlement Funds ,
Standing