News & Analysis as of August 3, 2025

Insurance Industry

+ Follow

Follow this channel for advisories on one of the biggest threats to businesses today. Read a morning brief of fresh guidance and commentary by leading lawyers on security, privacy, risk... more +

Follow this channel for advisories on one of the biggest threats to businesses today. Read a morning brief of fresh guidance and commentary by leading lawyers on security, privacy, risk management, global regulations, data protection, leaks, hacking, cyber insurance, compliance, HIPAA, and every other aspect of cybersecurity of import to corporate readers right now. less -

NYDFS Warns of Heightened Risk From Global Conflicts: What Regulated Entities Must Do Now

Troutman Pepper Locke on 6/27/2025

On June 23, the New York State Department of Financial Services (NYDFS) issued an industry letter to all regulated entities — banks, insurers, money transmitters, virtual currency companies, and others — cautioning that...more

Reminder: New York Cybersecurity Reporting Deadline April 15, 2025; New Regulations Effective May 1, 2025

Ogletree, Deakins, Nash, Smoak & Stewart,... on 3/21/2025

Covered entities regulated by the New York State Department of Financial Services (NYDFS) must submit cybersecurity compliance forms by April 15, 2025. New sets of requirements for system monitoring and access privileges,...more

Plotting a Course for Your 2025 Data Security Plan

Carlton Fields on 2/4/2025

Trying to plot the course for a data security plan in 2025 requires piecing together the maps of various cartographers and decoding each map’s legends and keys....more

The EU’s Digital Operational Resilience Act Comes Into Effect

Ogletree, Deakins, Nash, Smoak & Stewart,... on 1/27/2025

The European Union’s Digital Operational Resilience Act (DORA) came into effect on January 17, 2025. DORA aims to harmonise rules concerning the provision of information and communication technology (ICT) services to...more

The Hidden Dangers of Unregulated AI: How Governance Protects Your Business

Guidepost Solutions LLC on 12/20/2024

A recent survey by Compliance Week revealed that nearly 70 percent of organizations use AI, but do not have adequate AI governance. This is shocking. But the most alarming part is that these organizations do not perceive that...more

Call For Public Comment: A Report on AI Use in the Financial Sector

Barnea Jaffa Lande & Co. on 11/25/2024

This month, an interim report on artificial intelligence in the financial sector was published for public comment. The report was written by the Ministries of Justice and Treasury, the Competition Authority, the Securities...more

New York State Cybersecurity Regulations Take Effect on November 1, 2024

Ogletree, Deakins, Nash, Smoak & Stewart,... on 10/21/2024

Financial institutions, insurance companies, and other businesses regulated by the New York Department of Financial Services (NYDFS) may need to take additional steps to comply with certain NYDFS cybersecurity regulations...more

NYDFS publishes new proposal on cybersecurity regs

Orrick, Herrington & Sutcliffe LLP on 7/3/2023

On June 28, NYDFS published an updated proposed second amendment to the state’s cybersecurity regulation (23 NYCRR 500) reflecting revisions made by the department in response to comments received on proposed expanded...more

A Fintech Leader’s Thoughts on the North Carolina Regulatory Sandbox Act

Bradley Arant Boult Cummings LLP on 8/4/2021

As part of Bradley’s continuing coverage of the North Carolina Sandbox Act, we wanted to know what community members and NC fintech aficionados thought about this proposed legislation. We posed six questions to Tariq Bokhari,...more

New York’s DFS Publishes A Cyber Insurance Risk Framework

Husch Blackwell LLP on 3/9/2021

Keypoint: New York’s Division of Financial Services (DFS) now requires Property and Casualty Insurers writing cyber insurance to comply with the Division’s Cyber Insurance Risk Framework to manage their risk. In her...more

DFS Provides Framework For Cybersecurity Risk

Rivkin Radler LLP on 2/19/2021

On February 4, 2021, New York’s Department of Financial Services (DFS) issued Insurance Circular Letter No. 2, which builds on the robust cybersecurity regulation provided in its 2017 Cybersecurity Regulation (23 NYCRR 500)....more

A Cybersecurity Storm and Winds of Change: NY DFS requires all New York financial institutions to report effects of SolarWinds...

Eversheds Sutherland (US) LLP on 12/23/2020

The massive SolarWinds security breach, which affected not only the private sector, but federal, state and local governments, has caused some to question whether to share data with the government. On Friday, December 18, the...more

New York Fires First Salvo Under Cybersecurity Law

Poyner Spruill LLP on 9/23/2020

The New York Department of Financial Services (NYDFS) has launched its first enforcement action under New York’s Cybersecurity law for financial services, so-called Part 500. Part 500 requires NYDFS licensed institutions to...more

Fintech 2020: A Global Survey on the State of Financial Technology

Goodwin on 9/16/2020

Letter from Our Co-Chairs - As the digital transformation of financial markets accelerates at breakneck speeds, fintech presents significant opportunities and challenges for both investors and innovators around the world. ...more

Energy Newsletter - April 2020

King & Spalding on 4/17/2020

Developing Contingency Plans: The NYDFS Mandate on Licensed Virtual Currency Businesses - The events surrounding COVID-19 have increased the use of fintech products, both out of necessity and convenience. Shelter-in-place...more

New York Dept of Financial Services (NYDFS) Extends Cybersecurity Compliance Deadline

Mintz - Privacy & Cybersecurity Viewpoints on 4/1/2020

The NYDFS has announced that it has extended the deadline for compliance with certain cybersecurity requirements due to the coronavirus emergency. The announcement from the Superintendent of Financial Services of the State...more

NYDFS Issues Order and Instructions to Regulated Entities in Response to COVID-19

Hinshaw & Culbertson - Consumer Crossroads on 3/21/2020

In response to challenges facing the financial services industry as a result of coronavirus (COVID-19), New York's Department of Financial Services (DFS) has issued a COVID-19 compliance order, along with a series of industry...more

Nutter Bank Report: January 2020

Nutter McClennen & Fish LLP on 1/30/2020

The FDIC and OCC have issued new guidance for banks on heightened cybersecurity risks facing the financial services industry because of increased geopolitical tensions and threats of aggression. The guidance published on...more

CCPA Security FAQs: Does the CCPA open insurance companies to increased litigation?

BCLP on 10/4/2019

Yes. The CCPA provides a partial exemption for information collected by financial institutions that are subject to the Gramm Leach Bliley Act (e.g., information about individuals who have obtained personal financial...more

Cybersecurity Update: NYDFS, NAIC, and What’s Going on in SC, OH, MI, and MS?

Troutman Pepper Locke on 5/31/2019

On March 1, 2017 the cybersecurity regulation of the New York Department of Financial Services (the “DFS Regulation”) took effect, requiring subject financial institutions, including insurance companies, (“Covered Entities”)...more

Beware the Ides of March – Is Your NYDFS Cybersecurity Compliance in Order?

BakerHostetler on 3/7/2019

March is now here and with it the Cybersecurity Regulation of the New York Department of Financial Services (NYDFS) is now in full force and effect, including requirements relating to Third Party Service Providers (e.g.,...more

NYS Cyber Regulation: New Rules for Third-Parties

Patterson Belknap Webb & Tyler LLP on 2/20/2019

It’s been almost two years since New York’s top banking regulator implemented one of the nation’s most stringent cybersecurity regulations. Since then, thousands of financial institutions have recruited chief information...more

Upcoming New York State Cybersecurity Regulation Deadlines

Skadden, Arps, Slate, Meagher & Flom LLP on 2/8/2019

As a reminder, entities covered by the New York State Department of Financial Services’ (NYSDFS) Cybersecurity Regulations (23 NYCRR Part 500) (Cybersecurity Regulations) are required to submit their annual certification of...more

New York’s DFS Cyber Deadlines Loom

Patterson Belknap Webb & Tyler LLP on 2/8/2019

It’s a marathon month for the thousands of financial institutions and insurance companies covered by New York’s landmark cybersecurity regulation. In little more than a week, these businesses must file their second annual...more

Proposed House Bill Would Set National Data Security Standards for Financial Services Industry

Ballard Spahr LLP on 9/12/2018

A new bill introduced by House Financial Services subcommittee Chairman Rep. Blaine Luetkemeyer would significantly change data security and breach notification standards for the financial services and insurance industries. ...more

128 Results

View per page

Page: of 6

Cybersecurity › Financial Institutions › Insurance Industry

"My best business intelligence, in one easy email…"