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NYDFS Data Retention

Paul Hastings LLP

You’ve Got Mail: NYDFS Enforcement Action Highlights Cybersecurity Risk of Over-Retention and Other Risks

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On Aug. 14, 2025, the New York Department of Financial Services (NYDFS) issued a Consent Decree announcing that Healthplex, Inc. (Healthplex) has agreed to pay a $2 million fine, as a result of an investigation into a 2021...more

Ankura

Accelerate Your Records Management, Artificial Intelligence, and Microsoft Purview Initiatives With Unstructured Data Cleanup

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Unstructured Data Is Everywhere in Your Organization — And Just Waiting To Cause Trouble - Unstructured Data Cleanup is an information governance practice focused on the permanent deletion of information that is no longer...more

Troutman Pepper Locke

New Amendments to NY DFS Cybersecurity Regulation: Big Changes for Big Companies, ‎and Other Implications

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Effective November 1, 2023, the New York Department of Financial Services issued its second amended Cybersecurity Regulation (the “Regulation,” 23 NYCRR Part 500). The amendment follows extensive public comments, some of...more

Troutman Pepper Locke

The NYDFS Updates Its Stringent Cybersecurity Regulations. Is This a Bellwether of Coming Industry Change? - The Consumer Finance...

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Join Troutman Pepper Partner Chris Willis as he discusses the New York Department of Financial Services’ (NYDFS) latest updates to its cybersecurity regulations with Troutman Pepper Privacy + Cyber Partner Kim Phan. With data...more

Troutman Pepper Locke

New York DFS Cybersecurity Regulation Update: ‎Amendments Proposed November 2022

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Licensees of the New York Department of Financial Services (“DFS”) should be tracking the proposed amendments to the DFS Cybersecurity Regulation. All covered entities under the Regulation will need to revisit their...more

Alston & Bird

NYDFS Releases Significant Enhancements to its Cybersecurity Regulation in the Proposed Second Amendment

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The New York Department of Financial Services (“DFS”) released their proposed second amendment to the Cybersecurity Regulation, 23 NYCRR Part 500 (“Proposed Second Amendment”) on October 9, 2022....more

ArentFox Schiff

November 2022 AFS Privacy Report: FTC Is Tracking Twitter Developments With “Deep Concern”

ArentFox Schiff on

FTC Is Tracking Twitter Developments With “Deep Concern” - Elon Musk’s recent purchase of Twitter has led to numerous resignations in the security department. Most recently, Twitter’s chief information security officer,...more

Troutman Pepper Locke

Document Retention Aspects of New York Cybersecurity Regulations

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The New York Department of Financial Services Cybersecurity Regulations, 23 NYCRR part 500 (the “Cybersecurity Regulations”), require companies subject to the regulations to update their record retention schedule for...more

Moore & Van Allen PLLC

NYS DFS September 4, 2018 Cybersecurity Compliance Deadline

Tuesday, September 4, 2018 marked the New York State Department for Financial Service’s deadline for compliance with several sections of cybersecurity regulation 23 NYCRR 500 (the “Regulation”). The Regulation covers any...more

Arnall Golden Gregory LLP

New Requirements Under New York Cybersecurity Rules Take Effect

The next phase of New York’s cybersecurity rules entered into force on September 4, 2018, requiring Covered Entities, including insurance companies, banks, and other financial services companies regulated by the New York...more

Proskauer on Privacy

New York DFS Cybersecurity September 2018 Deadline

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The New York Department of Financial Services cybersecurity regulation 23 NYCRR 500 (the “Regulation”) came into effect in March 2017 and established four staggered compliance deadlines for its various requirements. By the...more

Hogan Lovells

New Obligations Under the NYDFS Cybersecurity Regulation Come Online September 4

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The New York State Department of Financial Services (NYDFS) Cybersecurity Regulation (23 NYCRR Part 500) came into effect March 1, 2017...more

Mintz - Privacy & Cybersecurity Viewpoints

Insurance Commissions Approve Data Security Model Law

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

Blank Rome LLP

New Cybersecurity Regulations for Financial Services Companies in New York State

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Action item: Banking, insurance, and other financial services companies in New York State must be aware of new comprehensive cybersecurity regulations proposed by the Department of Financial Services that will require covered...more

Stinson LLP

Emerging Trends Newsletter - Q3

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We are thrilled to bring you the third installment of Stinson Leonard Street's Emerging Trends newsletter. We are proud of the depth and breadth of experience and knowledge across our firm's 13 offices nationwide and are...more

Stinson - Corporate & Securities Law Blog

The New York State Department of Financial Services Proposes Robust Cybersecurity Rules

On September 13, 2016, the New York State Department of Financial Services (DFS) proposed new rules that would require certain “Covered Entities” to establish and implement cybersecurity programs designed to protect nonpublic...more

Skadden, Arps, Slate, Meagher & Flom LLP

Privacy & Cybersecurity Update: New York State Proposes Cybersecurity Regulation for Financial Institutions

New York state has proposed a new regulation — to go into effect January 1, 2017 — that would require banks, insurance companies and other financial services institutions regulated by the New York State Department of...more

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