Remove Definition Remove Events Remove Financial Services
article thumbnail

NYDFS Amends Cybersecurity Rules for Financial Services Companies

Hunton Privacy

On November 9, 2022, the New York Department of Financial Services (NYDFS) released its second, proposed amendments to the Part 500 Cybersecurity Rule. Any cybersecurity event that affects a third-party service provider that also affects the covered entity. Revised Definition of Class A Companies.

article thumbnail

NYDFS Proposes Updated Second Amendment to Its Cybersecurity Regulation

Hunton Privacy

On June 28, 2023, the New York Department of Financial Services (“NYDFS”) published an updated proposed Second Amendment (“Amendment”) to its Cybersecurity Regulation, 23 NYCRR Part 500. On November 9, 2022, NYDFS published a first draft of the proposed Amendment and received comments from stakeholders over a 60-day period.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

NYDFS proposes significant cybersecurity regulation amendments

Data Protection Report

On November 9, 2022, the New York Department of Financial Services (NYDFS) officially proposed changes to its cybersecurity regulation and opened a 60-day public comment period. Revised Definition of Class A Companies and other Key Requirements. Notice of Cybersecurity Event.

article thumbnail

Vermont Enacts Insurance Data Security Law

Hunton Privacy

The new law generally follows MDL-668’s provisions, adopting the model law’s broad definition of nonpublic information and requiring licensees to, in part, maintain a written information security program (“WISP”) and investigate cybersecurity incidents. Cybersecurity Event Investigation and Notification Requirements.

Insurance 107
article thumbnail

NYDFS finalizes cybersecurity rule amendments

Data Protection Report

On November 1, 2023, the New York Department of Financial Services (NYDFS) finalized the second amendment to its cybersecurity regulations, which are available here. NYDFS retained the broader term “cybersecurity event” that it uses in several sections of the regulation, but, with respect to notifications to NYDFS (§ 500.17(a)),

article thumbnail

You’re Invited to an In-Person Event: CCPAnow: Understanding the Challenge Ahead and What You Should Be Doing Now

HL Chronicle of Data Protection

We are hosting an event on the CCPA, on April 16 in New York. A few key topics that will be addressed are: How should you interpret key definitions like “personal information,” “sale,” “third party,” and “business” when operationalizing the CCPA?

Sales 40
article thumbnail

FTC amendment to Safeguards Rule

Data Protection Report

Under the Federal Trade Commission’s (“FTC”) new amendment to the Safeguards Rule (the “Amended Rule”), non-banking financial institutions will have to report certain data breaches and other security events to the agency. The FTC will publish information from the notification event report on a publicly available database.