Both the New York State Department of Financial Services (“DFS”) and the Securities and Exchange Commission (“SEC”) have warned financial entities that Russia’s invasion of Ukraine will likely result in an elevated number of cyber-attacks and…
John J. Cooney
As discussed in the prior update, the Securities and Exchange Commission (SEC), and specifically the Chair of the SEC, Gary Gensler, emphasized the SEC’s cybersecurity focus during his address at the 2022 Annual Securities Regulation…
As discussed in prior updates, the Securities and Exchange Commission (SEC) has increased its efforts with regard to cybersecurity. Towards that end, Chair of the SEC, Gary Gensler, discussed the SEC’s cybersecurity focus during his address at the…
In the summer of 2019, Capital One discovered that a hacker had accessed private data for more than 100 million Capital One customers, including data that was part of their credit card applications, such as…
In past posts, we discussed increased enforcement efforts by the Securities and Exchange Commission (SEC). The SEC’s focus should have come as no surprise given that in early 2021, the SEC highlighted information protection and cybersecurity as key…
In the last newsletter, we discussed the Securities and Exchange Commission (SEC) and its recent enforcement efforts. Specifically, how the SEC and the New York Department of Financial Services (DFS) have been pursuing entities for failure to…
In the last few posts, we discussed the NYS Department of Financial Services (“DFS”) and its enforcement efforts. Specifically, NY DFS has been going after entities for failure to report prior breaches. For example, DFS…
In the last newsletter, we discussed the NYS Department of Financial Services (“DFS”) recent efforts and its overall posture of ramping up enforcement. One of the important points that we noted was that the hefty multi-million…
In the last post, it was noted that the NYS Department of Financial Services (“DFS”) was ramping up enforcement of its Cybersecurity Regulation as evidenced by two recently announced multi-million dollar settlements. One of the…
The NYS Department of Financial Services (“DFS”) has recently announced two multi-million dollar settlements and has increased enforcement of its Cybersecurity Regulation. It is important to note that DFS has announced three enforcement actions since…
