The New York Department of Financial Services has modified its cybersecurity requirements for regulated entities. These requirements are in addition to those included in the regulations as last updated in November of last year. The new requirements go into effect November 1, 2024. They modify several parts of the rule, including:Continue Reading Amendments to NYDFS’ Cybersecurity Regulations Take Effect November 1
After waiting 16 years for a call, the FCC is finally back on the line. Last month the FCC updated their 16-year-old data breach notification rule. The updated rule makes drastic changes to the previous FCC notification requirements. However, many will already be familiar with the new requirements as they merge those found in state data breach notification laws in to the FCC context. Regulators may have felt wired to make these change in light of the new SEC rules, about which we have also previously written, that went into effect last month. Regardless of their motives, the FCC determined that the line had been ringing to for too long and it was time to pick up where they had left off 16 years ago.Continue Reading Operator? I’d like to Report a Data Breach—The FCC’s Updated Data Breach Rule
New York recently announced amendments to the State Department of Financial Services’ cybersecurity regulations. The changes further solidify the state’s already comprehensive cybersecurity regulatory regime. The amendments were both announced by Gov. Hochul and became effective on November 1, 2023. They apply to DFS regulated entities and aim to strengthen provisions around cyber governance, risk mitigation, incident notification, and training.Continue Reading NY Enhances Financial Cybersecurity Regulations
The SEC has now finalized its much anticipated rules for public companies’ cybersecurity disclosures. The final rules, published this month, require disclosure of certain cybersecurity incidents much sooner than under many other breach notification regimes. Additionally, the final rules require new periodic disclosures about a company’s processes to assess, identify, and manage material cybersecurity risks and about the roles of management and the board of directors in managing or overseeing those cybersecurity risks. These new requirements vary from the SEC’s prior (2018) guidance, and unlike in the past, are now codified under the Securities Exchange Act of 1934 and the Securities Act of 1933.Continue Reading SEC Gives Finality on Cybersecurity Disclosures for Public Companies
New York’s Local Law 144 of 2021 will finally go into effect on July 5, 2023, after several delays. As we previously discussed, the law requires employers to provide candidates for employment and promotion with notice about the use of an AI system, offer them an opt out, and audit any such systems for bias. The law is intended to benefit job applicants and may provide useful guidance for employers who wish to use AI to help eliminate workplace bias.Continue Reading NY AI Laws Going Live Next Month
New York Attorney General Letitia James recently published a guide to help companies in preparing their data security programs and responding to data security incidents. The security program recommendations are paired with highlights from recent investigations by the Attorney General that provide valuable insights into what the Attorney General views as data security pitfalls that should be remedied.Continue Reading New York AG Releases Guide for Business Data Security
The US Department of Health and Human Services recently updated its guide to help the private and public healthcare sectors develop cybersecurity protocols that address NIST’s Framework for Improving Critical Infrastructure Cybersecurity. The guide is a toolkit, with information and resources intended to help companies implement cybersecurity programs in the health care space. While the aim of this guidance is to help companies implement NIST’s protocols for protecting US critical infrastructure, the recommendations contained in the guide mirror other agencies’ security recommendations (for example those we have written about from the Department of Labor and the FDA).Continue Reading HHS Releases Cybersecurity Guide
Three days. Starting September 1, 2023, that is all federally insured credit unions will have to report cyber incidents.Continue Reading 72 hours: The NCUA’s New Cyber Incident Reporting Requirement
New York’s Attorney General Letitia James recently secured a $1.9 million settlement from online retailer Zoetop Business Company, Ltd. to settle allegations that Zoetop had improperly handled a 2018 data breach and subsequent consumer notification. The scrutiny given to Zoetop provides insights into the NYAG’s expectations around breach investigations and response.Continue Reading Lessons From New York AG Scrutiny of Breach Investigation and Response
Beginning January 1, 2023, New York City will restrict employers from using artificial intelligence to make employment decisions unless they follow certain guidelines. The local law applies to employment decisions made “within the city” regarding job applicants and promotion decisions.Continue Reading New York City Set To Regulate Employment Decisions Made By AI
The New York State Attorney General’s finding that EyeMed Vision Care LLC had failed to protect customer data in violation of the NY SHIELD Act provides insights for companies on how to protect information. New York’s SHIELD Act applies, as we have written previously, to any organization owning or licensing the information of a NYS resident, not just organizations located in New York. It requires companies to take reasonable administrative, technical, and physical safeguards to protect collected personal information.
Continue Reading Keeping Both Eyes on Cybersecurity