News & Analysis as of

Cybersecurity › NAIC › NYDFS

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 -
Troutman Pepper Locke

Red Teaming Is an Effective Tool for Insurer Assessment of AI Risks

Troutman Pepper Locke on

The insurance industry is facing increased scrutiny from insurance regulators related to its use of artificial intelligence (AI). Red teaming can be leveraged to address some of the risks associated with an insurer’s use of...more

Bond Schoeneck & King PLLC

New York Department of Financial Services Issues Proposed Circular Letter on Use of AI in Insurance Industry

Bond Schoeneck & King PLLC on

On Jan, 17, 2024 the New York State Department of Financial Services (NYDFS) issued a proposed circular letter addressing the use of artificial intelligence systems (AIS) and external consumer data and information sources...more

Harris Beach Murtha PLLC

Recent New York Cybersecurity Enforcement Provides Latest Reason for Companies to be Proactive

Harris Beach Murtha PLLC on

New York’s Department of Financial Services signaled once again its intent to strongly enforce the state’s Cybersecurity Regulation by finding OneMain Financial Group violated the law in several ways and imposing a $4.25...more

BakerHostetler

Kentucky Joins Nearly 30 States by Enacting an Insurance Data Security Law

BakerHostetler on

Kentucky became the latest state to adopt the NAIC insurance data security model law with Governor Andy Beshear’s signing of House Bill 474. The new law goes into effect Jan. 1, 2023, and gives covered licensees one or two...more

Faegre Drinker Biddle & Reath LLP

Insurance Industry Cybersecurity and COVID-19: The Importance of Risk Assessments

Faegre Drinker Biddle & Reath LLP on

As companies seek to adapt to the worsening effects of the COVID-19 pandemic, security experts, as well as government agencies, including the FBI, are sounding the alarm on a drastic increase in the amount of cybersecurity...more

Troutman Pepper Locke

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

Troutman Pepper Locke on

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

Troutman Pepper Locke

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

Troutman Pepper Locke on

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

Foley & Lardner LLP

So You Comply with New York Reg. 500: Now What?

Foley & Lardner LLP on

In March of 2017, the New York Department of Financial Services (DFS) implemented 23 NYCRR §500 (NY Reg. 500). In doing so, it became the first state regulatory authority to impose regulations that address cybersecurity...more

Skadden, Arps, Slate, Meagher & Flom LLP

Privacy & Cybersecurity Update - February 2019

Skadden, Arps, Slate, Meagher & Flom LLP on

In this month's edition, we examine a judge's ruling allowing an investor suit against Equifax, the dismissal of a class action against the insurer CareFirst and President Donald Trump's launch of a federal artificial...more

BakerHostetler

Insurance Data Security Model Law Picks Up Steam

BakerHostetler on

Three states recently enacted variations of the National Association of Insurance Commissioner’s (NAIC) Insurance Data Security Model Law (MDL-668), based on the landmark cybersecurity requirements issued by the New York...more

Troutman Pepper Locke

Insurance and Reinsurance Newsletter – September 2018

Troutman Pepper Locke on

Locke Lord’s Insurance & Reinsurance Newsletter provides topical snapshots of recent developments in the fast-changing world of insurance. For further information on any of the subjects covered in the newsletter, please...more

Troutman Pepper Locke

Follow the Leader: NYDFS Cybersecurity Regulation Leads the Way for Other States and Industries

Troutman Pepper Locke on

The New York Department of Financial Services (NYDFS) blazed a cybersecurity trail with its 2017 regulation for the protection of information collected and processed in, and systems used in the operation of, the financial...more

Troutman Pepper Locke

A Closer Look at the NAIC Insurance Data Security Model Law

Troutman Pepper Locke on

Following New York’s lead after the Department of Financial Services (the NYDFS) promulgated its Cybersecurity Regulation, in October 2017 the NAIC adopted its Insurance Data Security Model Law (the NAIC Model) to establish...more

Troutman Pepper Locke

Developing Cybersecurity Requirements in Banking, Insurance and Other Financial Services

Troutman Pepper Locke on

The financial services industry has been dealing with requirements for cybersecurity since 1999, but 2017 brought new, significant, and proliferating obligations. The bar for the whole industry was clearly raised by the...more

Mintz - Privacy & Cybersecurity Viewpoints

Insurance Commissions Approve Data Security Model Law

Mintz - Privacy & Cybersecurity Viewpoints on

The National Association of Insurance Commissioners (NAIC) has approved its draft of the Insurance Data Security Model Law (Model Law) via a meeting of its Executive and Plenary Committees. This important development follows...more

Troutman Pepper Locke

Forward Vision: New York’s Cybersecurity Regulation Imposes a Series of Deadlines

Troutman Pepper Locke on

New York’s cybersecurity regulation that went into effect in March has far reaching implications. The first transition date for implementation of several requirements of the state’s Department of Financial Services regulation...more

Troutman Pepper Locke

NAIC Adopts Model Cybersecurity Law

Troutman Pepper Locke on

Based largely on the NY DFS Cybersecurity Regulation that became effective March 1, 2017, the NAIC has adopted a Model Cybersecurity Law that would, once adopted by the various states, establish significant requirements for...more

Troutman Pepper Locke

NAIC Cybersecurity Progress

Troutman Pepper Locke on

On August 7, 2017, the NAIC’s Cybersecurity (EX) Working Group met in its continuing effort to develop a model cybersecurity law for the insurance industry. This effort, which commenced over a year ago, has taken a new...more

Saul Ewing LLP

NAIC Insurance Data Security Model Law Poised for Adoption

Saul Ewing LLP on

On August 7, 2017, the National Association of Insurance Commissioners (“NAIC”) Cybersecurity Working Group adopted as final, over one dissenting vote, the sixth draft of the NAIC Data Security Model Law. The next day, the...more

Eversheds Sutherland (US) LLP

NAIC Takes Major Step Toward Final Approval of Insurance Data Security Model Law

Eversheds Sutherland (US) LLP on

In a flurry of approvals last week, the National Association of Insurance Commissioners (NAIC) took substantial steps toward finalizing its proposed Insurance Data Security Model Law during the 2017 NAIC Summer National...more

Downs Rachlin Martin PLLC

Captive Insurance Update | Issue No. 1 | 2017 - A summary of state and federal developments in the captive insurance industry

Downs Rachlin Martin PLLC on

Changes at the Top - Republican Phil Scott was elected Governor of Vermont in November 2016, having previously served as Lieutenant Governor for six years. Governor Scott has re-appointed Michael Pieciak to serve as the...more

Mintz

NAIC Insurance Summit 2017: Innovation and Disruption Are Top of Mind for State Regulators

Mintz on

From May 22-26 Mintz Levin participated in the annual NAIC Insurance Summit in Kansas City. A main theme of this year’s Summit was technology and innovation. The Summit was remarkable in that it served as a meeting grounds...more

Patterson Belknap Webb & Tyler LLP

New York’s Cyber Regulation: A National Blueprint?

Patterson Belknap Webb & Tyler LLP on

New York’s top banking regulator would like the state’s new sweeping – and highly detailed – cybersecurity regulation to serve as a national model for insurance companies in safeguarding their institutions from cybercrime....more

Poyner Spruill LLP

The Empire (State) Strikes Back: Six Highlights of New York’s New Cybersecurity Regulations for Financial Institutions

Poyner Spruill LLP on

The New York Department of Financial Services (NYDFS)’s finalized Cybersecurity Requirements for Financial Services Companies (“regulations”), went into effect on March 1, 2017. NYDFS has provided a 6 month safe harbor to...more

Mintz - Privacy & Cybersecurity Viewpoints

It’s March 1: The Cybersecurity Goal Post Has Been Moved

Mintz - Privacy & Cybersecurity Viewpoints on

In an effort to combat the growing prevalence of large-scale corporate cyberattacks, the New York Department of Financial Services (“NYDFS”) is rolling out a revamped cybersecurity regulation for financial services companies...more

30 Results
 / 
View per page
Page: of 2
Next »

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

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
Sign up Log in
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
- hide
- hide