NY DFS Cybersecurity Regulations Delayed Several Months: We hate to say we told you so … but we will anyway.
According to an article in Reuters — Exclusive: NY Financial Regulator to Delay Cyber Security Rules, the New York State Department of Financial Services is going to publish an updated version of its cybersecurity rules by the end of December and then delay implementation until March 1, 2017, after the public review period has concluded. It would […]
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Opinion: Judith Germano recently wrote an article in Forbes entitled “Proposed NY Cybersecurity Regulation: A Giant Leap Backward?” We covered these Proposed Department of Financial Services Regulations (“DFS”) in a couple of previous posts; “N.Y. Regulators Consider Cybersecurity Requirements for Banks and Insurers” and “New York: Proposed Regulations for Cybersecurity come up Short” and some of the […]
Opinion: NY’s Proposed Cybersecurity Regulations come up Short Governor Cuomo released proposed regulations yesterday through the Department of Financial Services (“DFS”) that would require Covered Entities to hire Chief Information Security Officers (“CISO”) and perform a number of other cybersecurity tasks which seems like a good step towards enhanced cybersecurity, but is it really?
Cyber Round Up: ILTA Ethical Obligation for Lawyers to Understand Technology, The Bonds that Bind: Cybersecurity Brings Legal and Finance Together, Devastating Attacks to Public Infrastructure “A Matter of When” in the US
Note to Lawyers from ILTA: You’re Ethically Obligated to Understand Technology (Legaltech news): Ian Lopez of Legaltech news reports that a recent panel at ILTACON 2016 discussed the ABA Model Rules, specifically 1.1 (duty of competence) which purportedly indicates that lawyers have an ethical duty to understand technology. The panel also discussed Model Rule 1.6 […]
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Imagine: You are the CEO of a multi-million dollar company. Aware of the current cyber climate, you budgeted out a large chunk of your company’s money for cybersecurity. This morning you received a phone call from the head of security alerting you to a cyber breach. The good news is that your security team was able to discover […]
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In the United States, the standard payment system is based on payment cards with magnetic stripes that are not encrypted and can easily be read. It is reportedly easy to forge magnetic stripe cards and the signature on the back of the cards provide criminals with an example of the cardholder’s authentic signature. In the […]
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