Popular, Cybersecurity, New York

NY Department of Financial Services Issues Guidance to its Regulated Industry As a Result of the Ongoing Global Conflict

Bressler, Amery & Ross, P.C. on 6/24/2025

The New York State Department of Financial Services (the “Department”) has issued guidance (“Guidance”) to all individuals and entities regulated by the Department (“Regulated Entities”) to underscore the importance of...more

Hospital Administrators – Is Your Hospital Cyber-Secure?

Lippes Mathias LLP on 11/20/2024

On October 2, 2024, New York adopted new regulations requiring general hospitals to implement heightened cybersecurity safeguards. General hospitals, as defined in Article 28 of the NY Public Health Law, generally must begin...more

AI at the gate: NYDFS issues guidance on addressing new AI-driven cybersecurity risks under existing cybersecurity requirements

Eversheds Sutherland (US) LLP on 10/30/2024

On October 16, 2024, the New York State Department of Financial Services (DFS) issued an industry letter providing guidance on how DFS-regulated entities (covered entities) should be evaluating and responding to artificial...more

Amendments to NYDFS’ Cybersecurity Regulations Take Effect November 1

Sheppard Mullin Richter & Hampton LLP on 10/29/2024

The New York Department of Financial Services has modified its cybersecurity requirements for regulated entities. These requirements are in addition to those included in the regulations as last updated in November of last...more

Ransomware Attack Affects Millions, New York Hospitals and Pharmacies

Harris Beach Murtha PLLC on 3/7/2024

A ransomware attack on Change Healthcare, a technology company owned by UnitedHealth that touches one of every three U.S. patient records, has resulted in hospitals and pharmacies across New York facing a cash crunch. The...more

Privacy Briefs: January 2024

Health Care Compliance Association (HCCA) on 1/17/2024

New York has released proposed cybersecurity regulations for hospitals. The regulations, which were published in The State Register on Dec. 6 and will undergo a 60-day public comment period ending on Feb. 5, are designed to...more

New York amends Cybersecurity Regulation that applies to financial services industry

Constangy, Brooks, Smith & Prophete, LLP on 1/8/2024

The New York Department of Financial Services recently amended its Cybersecurity Regulation. The revisions aim to strengthen cybersecurity and technology controls to address evolving threats to consumer data and ensure the...more

Empire State of Security: New York DFS Finalizes Significant Amendment to Financial Services Cybersecurity Regulation

Wyrick Robbins Yates & Ponton LLP on 12/5/2023

The New York State Department of Financial Services (“NYDFS”), which regulates financial services institutions including banks, insurance companies, and mortgage brokers, finalized an amendment to its Cybersecurity Regulation...more

Cyber(in)security: New York Levies Fine for Failure to Implement Written Policies

Vinson & Elkins LLP on 12/4/2023

On November 27, 2023, the New York State Department of Financial Services (“DFS”) and First American Title Insurance Company (“First American”) entered into a consent order1 that resolved litigation over First American’s...more

New York Governor Proposes Stringent Cybersecurity Regulations for Hospitals

Jones Day on 12/1/2023

New York is the first state to propose cybersecurity requirements for all hospitals operating in the state to address patient safety and other cybersecurity related issues....more

New York Aims to Bolster Hospital Cybersecurity with Imminent Release of Proposed Regulations

Epstein Becker & Green on 11/30/2023

New York Governor, Kathy Hochul, recently announced proposed cybersecurity rules for New York hospitals, which are due to be imminently published in the State Register on December 6, 2023, subject to approval by the Public...more

New York State Prepares to Regulate Hospital Cybersecurity Programs

Mintz - Health Care Viewpoints on 11/29/2023

On November 13, 2023, Governor Kathy Hochul announced plans to regulate cybersecurity for New York general hospitals regulated under Article 28 of the Public Health Law. As proposed, the regulations will provide an additional...more

NY Enhances Financial Cybersecurity Regulations

Sheppard Mullin Richter & Hampton LLP on 11/17/2023

New York recently announced amendments to the State Department of Financial Services’ cybersecurity regulations. The changes further solidify the state’s already comprehensive cybersecurity regulatory regime. The amendments...more

Cybersecurity Enforcement Update: New York Department of Financial Services Announces Amended Cybersecurity Regulations and Latest...

Faegre Drinker Biddle & Reath LLP on 7/18/2023

Recent enforcement actions and announcements show that state and federal regulators are continuing to focus intensely on cybersecurity and data protection. Notably, the New York Department of Financial Services (“NYDFS”)...more

Privacy Briefs: May 2023

Health Care Compliance Association (HCCA) on 5/12/2023

Five former Memphis-based hospital employees and another man have pled guilty to unlawfully disclosing patient information in violation of HIPAA, U.S. Attorney for the Western District of Tennessee Kevin Ritz announced....more

New York State Bar Adds Cybersecurity, Privacy, and Data Protection as New CLE Category

Jackson Lewis P.C. on 8/26/2022

On August 17, 2022, New York announced an amendment to the Continuing Legal Education (CLE) Program Rules, which adds a requirement for attorneys to complete at least one CLE credit hour in Cybersecurity, Privacy, and Data...more

New York State Department of Financial Services Proposes Updates to Cybersecurity Regulation

Wiley Rein LLP on 8/17/2022

On July 29, 2022, the New York Department of Financial Services (DFS) released Draft Amendments to its Part 500 Cybersecurity Rules. These changes are open for a preliminary public comment until August 18, and then an...more

NYDFS Issues Cybersecurity Guidance in Response to Events in Ukraine

Sheppard Mullin Richter & Hampton LLP on 3/9/2022

In light of Russia’s recent military actions in Ukraine, the New York Department of Financial Services issued guidance on its cybersecurity and virtual currency regulations. The Department is specifically concerned about...more

NYDFS Issues Supply Chain Management Guidance

Sheppard Mullin Richter & Hampton LLP on 5/26/2021

The New York State Department of Financial Services recently issued recommendations to financial institutions in the aftermath of the SolarWinds cyberattack. In that attack, hackers inserted malware into SolarWinds software...more

New York Department of Financial Services and National Securities Corporation Agree to $3 Million Settlement in Cybersecurity...

Faegre Drinker Biddle & Reath LLP on 4/27/2021

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

New York Has More to Say About Consumer Data Privacy

Patterson Belknap Webb & Tyler LLP on 2/10/2021

As the national landscape of data privacy laws evolves, New York may be poised to follow California in passing legislation that creates new data rights for New York consumers. New York is no stranger to this field. The New...more

The Wait is Over: New York Department of Financial Services Files First Enforcement Action Under Cybersecurity Regulation

Katten Muchin Rosenman LLP on 8/10/2020

Key Points - - For the first time, New York's top banking and insurance regulator filed an enforcement action under the New York State Department of Financial Services (DFS) Cybersecurity Regulation (the Regulation). - DFS'...more

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