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New York Department of Financial Services Issues First Guidance by a U.S. Regulator Concerning Cyber Insurance

Data Matters

On February 4, 2021, the New York Department of Financial Services (NYDFS) issued Circular Letter No. Educate Insureds and Insurance Producers. The post New York Department of Financial Services Issues First Guidance by a U.S. regulator concerning the increasingly critical issue of cyberinsurance.

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Top GRC Tools & Software for 2021

eSecurity Planet

Data privacy regulations like the EU’s General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA) can be hard to navigate for businesses of any size, but GRC tools can simplify and streamline compliance with all of the requirements. Privacy governance and management. LogicManager. Back to top.

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GUEST ESSAY: Few consumers read privacy policies — tools can now do this for them

The Last Watchdog

When was the last time you read an online privacy policy in its entirety? Related: What happened to privacy in 2021. Financial services, health, home security, governance and all other mission critical services are now provided online. This document is called a privacy policy. Perhaps, never?

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Ireland: DPC Produces “Significant Outputs” for 2022 Concluding 17 Large Scale Inquiries

DLA Piper Privacy Matters

Of note is the DPC’s ongoing inquiry into the Department of Social Protection which commenced in 2021. Following on from its publication of ‘Fundamentals’ guidance on children’s data protection rights in 2021 the DPC issued three short guides for children aged 13 and over on their data protection rights in 2022.

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New York Regulators Call on Insurers to Strengthen the Cyber Underwriting Process

Hunton Privacy

As reported on the Hunton Insurance Recovery blog , on February 4, 2021, the New York Department of Financial Services (“NYDFS”), which regulates the business of insurance in New York, has issued guidelines, in the Insurance Circular Letter No. Obtain cybersecurity expertise to properly understand and evaluate cyber risk.

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Ireland: DPC Annual Report 2020: Enforcement & Transfers Dominate Agenda

DLA Piper Privacy Matters

While a total of 11 decisions were issued this year, we anticipate that the DPC will keep up the momentum and issue decisions in several high-profile cross-border statutory inquiries as well as further domestic inquiries during 2021. Financial Services Sector Focus. DPC Strategy for 2021. Data Protection Officers.

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Regulatory Update: NAIC Summer 2019 National Meeting

Data Matters

The New York State Department of Financial Services recently amended its annuity suitability regulation to apply a “best interest” standard in connection with both life insurance and annuity transactions with consumers. The white paper recommends that state regulators continue to educate insurance companies and monitor gaps.