On July 29, 2022, the New York Department of Financial Services posted proposed amendments to its Cybersecurity Requirements for Financial Services Companies. This blog entry provides highlights of the amendments.
Continue Reading Proposed Amendments to NY Financial Services Cybersecurity Regulations Impose New Obligations on Large Entities, Boards of Directors and CISOs

On June 24, 2022, the New York State Department of Financial Services announced it had entered into a $5 million settlement with Carnival Corp., the world’s largest cruise-ship operator, for violations of the Cybersecurity Regulation in connection with four cybersecurity events between 2019 and 2021, including two ransomware events.
Continue Reading NYDFS Imposes Fine of $5 Million on Carnival for Cybersecurity Breaches