Eversheds Sutherland Cybersecurity and Privacy Insights Blog
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Update on Cybersecurity Issues – New York Section 308 Letter & NAIC Spring National Meeting

Update on Cybersecurity continues to be an emerging regulatory issue in the insurance industry, as evidenced by recent actions taken by the New York Department of Financial Services and the National Association of Insurance Commissioners. Specifically, in a letter dated March 26, the DFS followed up its February 2015 Report on Cybersecurity in the Insurance Sector by requesting...

New NY Department of Financial Services Cybersecurity Examination Process

On December 10, 2014, New York State Department of Financial Services (DFS) Superintendent Benjamin M. Lawsky issued an industry guidance letter to all New York State chartered or licensed banking institutions announcing that DFS was expanding its examination procedures to increase its emphasis on cybersecurity and urging all institutions to make cybersecurity an “integral aspect of...