Crunching the Numbers in NYDFS’ Cybersecurity Report
Posted on Mar 9, 2015 in Financial Services | Comments Off on Crunching the Numbers in NYDFS’ Cybersecurity Report
On February 9, the New York Department of Financial Services was the first insurance regulator to address cybersecurity when it issued its Report on Cyber Security in the Insurance Sector that summarizes the results of a survey completed by 43 insurers about their cybersecurity programs, costs and future plans. In their article for Law360, Sutherland Partners Mary Jane Wilson-Bilik and...
Anthem’s Data Breach Affects Many Non-Anthem Plans: What Employers Need to Know Now
Posted on Mar 4, 2015 in Uncategorized | Comments Off on Anthem’s Data Breach Affects Many Non-Anthem Plans: What Employers Need to Know Now
On February 4, 2015, Anthem Inc. disclosed that it had been a victim of a sophisticated cyberattack that compromised the personal health plan data of up to 80 million customers of not only Anthem but also a much broader group of insurers and third-party administrators for whom Anthem did back-office work. View the full Legal Alert.
New York’s Insurance Regulator Announces Results of Cybersecurity Survey and Previews New Regulatory Initiatives
Posted on Feb 10, 2015 in Financial Services | Comments Off on New York’s Insurance Regulator Announces Results of Cybersecurity Survey and Previews New Regulatory Initiatives
On February 9, the New York Department of Financial Services (DFS) released a Report on Cyber Security in the Insurance Sector (Report), summarizing the results of a survey completed by 43 insurers about their cybersecurity programs, costs and future plans. The Report also announced a series of measures that DFS will take in the future to help strengthen cybersecurity in the insurance...
New NY Department of Financial Services Cybersecurity Examination Process
Posted on Dec 14, 2014 in Financial Services | Comments Off on 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...
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