News & Analysis as of

Settlement Phishing Scams Personal Data

McCarter & English, LLP

A Hole in the Net: Massachusetts’s Six-Figure Penalty for Failure to Spot Phish

Massachusetts recently joined a growing number of states pursuing data privacy enforcement actions, announcing a $795,000 settlement with Peabody Properties, Inc., a Massachusetts-based firm. The property company oversees...more

Patterson Belknap Webb & Tyler LLP

New York DFS Fines Mortgage Lender in Cybersecurity Enforcement Action

New York’s Department of Financial Services (“DFS”) announced on Wednesday, March 3, 2021, that an independent mortgage lender, Residential Mortgage Services Inc. (“RMS”), has agreed to pay a $1.5 million fine to the agency...more

Faegre Drinker Biddle & Reath LLP

New York Department of Financial Services Announces $1.5 Million Settlement of Second Cybersecurity Enforcement Action

On March 3, 2021, the New York State Department of Financial Services (NYDFS) announced a settlement with Residential Mortgage Services, Inc. (RMS) for $1.5 million in connection with its violation of the NYDFS Cybersecurity...more

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