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Tag Archives: NYDFS

Posted in Data Protection & Privacy

New York Regulators Lead the Charge to Fill Health Data Protection Gaps Left by Federal Law

New York AG Settles Data Protection Enforcement Against Mobile Health Apps

After a year-long investigation into mobile health apps claiming to be able to measure vital signs or health indicators through smartphone sensors, the New York Attorney General (NY AG) settled claims against three developers alleged to have engaged in “misleading” marketing claims and “irresponsible” privacy practices. Mobile health apps … Continue Reading

Posted in Data Protection & Privacy Harriet PearsonPaul Otto

The “Final Final” is Here: NYDFS Cybersecurity Regulations

As Hogan Lovells previously reported, the New York State Department of Financial Services (NYDFS) has launched a significant initiative to impose detailed cybersecurity requirements on covered financial institutions. On February 16, NYDFS issued its Final Rules, following the initial proposed rules published in September 2016 and two rounds of feedback via industry complaints and public comment. The Final Rules … Continue Reading

Posted in Data Protection & Privacy

New York Department of Financial Services Cybersecurity Rules Revised and Delayed

The New York Department of Financial Services (NYDFS) just issued major revisions to the cybersecurity regulations for financial institutions that were due to come into effect on January 1, 2017. To allow covered institutions more time to implement the rules, the effective date will now be March 1, 2017, with a series of staggered implementation dates beyond this. There are … Continue Reading

Posted in Data Protection & Privacy Harriet Pearson

New York State Proposes Cybersecurity Regulation for Financial Services Institutions

On September 12, New York Governor Andrew Cuomo broke new ground in proposing a state-level regulation that would require banks, insurance companies, and other financial services entities regulated by the New York Department of Financial Services (“NYDFS”) to establish formal cybersecurity programs.

Having a written cybersecurity policy and a designated chief information security officer responsible for overseeing a company’s cybersecurity … Continue Reading

Posted in Data Protection & Privacy H. Deen KaplanHarriet PearsonTimothy Tobin

New York Department of Financial Services Previews Rigorous Cybersecurity Rules for Financial Sector

On November 9, 2015, Anthony Albanese, Acting Superintendent of the New York State Department of Financial Services (NYDFS), issued a letter to a wide array of federal and state financial services regulators that are part of the Financial and Banking Information Infrastructure Committee (FBIIC). The FBIIC members work together to enhance the reliability and security of financial sector infrastructure. … Continue Reading