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New York Department of Financial Services Issues Millions of Dollars in Penalties, Signaling Increased Cybersecurity Enforcement | Akin Gump Strauss Hauer & Feld LLP

To embed, copy and paste the code into your website or blog: On April 14, 2021, the New York Department of Financial Services (DFS) announced it settled an enforcement action against National Securities Corporation (“National Securities”) related to claims under the Cybersecurity Regulation, 23 NYCRR Part 500. The Consent Order imposes a $3 million penalty, various remediation measures and represents a flurry of cybersecurity activity by the regulator in the first quarter of 2021. Over the ...
New York United States New Jersey Revenue Service Akin Gump Strauss Hauer Feld Microsoft Office

New York Department Of Financial Services Issues Millions Of Dollars In Penalties, Signaling Increased Cybersecurity Enforcement - Technology

To print this article, all you need is to be registered or login on Mondaq.com. On April 14, 2021, the New York Department of Financial Services (DFS) announced it settled an enforcement action against National Securities Corporation ("National Securities") related to claims under the Cybersecurity Regulation, 23 NYCRR Part 500. The Consent Order imposes a $3 million penalty, various remediation measures and represents a flurry of cybersecurity activity by the regulator ...
New York United States Revenue Service Microsoft Office Residential Mortgage Services Inc National Securities
Source: mondaq.com

The FBI Is Breaking Into Corporate Computers To Remove Malicious Code - Smart Cyber Defense Or Government Overreach?

The FBI has the authority right now to access privately owned computers without their owners’ knowledge or consent, and to delete software. It’s part of a government effort to contain the continuing attacks on corporate networks running Microsoft Exchange software, and it’s an unprecedented intrusion that’s raising legal questions about just how far the government can go. Please share this article - Go to very top of page, right hand side, for social media buttons. On April 9, the Unite...
United States Scott Shackelford John Demers Rob Joyce Cliff Owen Indiana University

Cybersecurity expert named Featured Alumnus at Waubonsee Community College

Cybersecurity expert named Featured Alumnus at Waubonsee Community College Brian Olson is Waubonsee Community Colleges April Featured Alumnus. From left are Dr. Christine Sobek, president; Olson, and Rebecca Oliver, chairwoman of the colleges board of trustees. Waubonsee Community College   Posted4/26/2021 3:18 PM Brian Olson of St. Charles, a military cybersecurity expert, has been named Aprils Featured Alumnus at Waubonsee Community College. Giving back to support the community...
New York United States West Point Staci Bazan Olson Brian Olson United States Army

New Cybersecurity Guidance Applicable To Employee Benefit Plan Contracting - Employment and HR

To print this article, all you need is to be registered or login on Mondaq.com. Many issues keep employee benefit plan administrators, committees, and sponsors (plan fiduciaries) awake at night, but cybersecurity is especially troubling for many reasons. Employee benefit plans face significant cybersecurity threats and, given the incredibly significant amount of assets involved, the consequences of even one single attack can be devastating. Further, plan fiduciaries can ...
United States Compensation Practice Group United States Department Of Labor Cybersecurity Program A Service Provider Advisory Council
Source: mondaq.com

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Air Force reservists a vital part of Lab's workforce

LLNL On April 14, 1948, President Harry Truman established the United States Air Force Reserve, a force comprised of people who would stand ready to serve during wartime. Today the Reserve performs 20 percent of the work in the Air Force including specialized missions such as weather reconnaissance, firefighting and personnel rescue. Lawrence Livermore National Laboratory (LLNL) is proud to have several Air Force reservists as part of the workforce. Jela Paras Paras, center, on a mission during...
United States Los Angeles Lawrence Livermore National Laboratory Vandenberg Air Force Base Harry Truman Jela Paras

First NYDFS Cybersecurity Enforcement Action

Monday, April 12, 2021 On March 1, 2017, the New York State Department of Financial Services (“NYDFS”) Cybersecurity Requirements for Financial Services Companies (the “Cybersecurity Regulation”) became effective. [1] Fast forward four years, where NYDFS issued its first penalty under the Cybersecurity Regulation arising from a standard examination. On March 3, 2021, NYDFS entered into a Consent Order with Residential Mortgage Services, Inc. (“RMS”) that requires RMS to p...
New York United States Residential Mortgage Services Inc Cybersecurity Program York State Department Of Financial Services Financial Services Law Of New York

First NYDFS Cybersecurity Enforcement Action Arising From a Standard Examination Results in $1.5 Million Penalty | Polsinelli

Transitional Periods (23 NYCRR 500.22), and Severability (23 NYCRR 500.23). Enforcement Action On March 3, 2021, NYDFS entered into a consent order with RMS under the New York Banking Law. The NYDFS enforcement action commenced from a routine examination that started in March 2020, which uncovered the fact that RMS had experienced an email compromise in March 2019 where an RMS employee with a significant amount of individuals’ personal information stored in their email account was not investi...
New York United States Residential Mortgage Services Inc Cybersecurity Program York State Department Of Financial Services Financial Services Law Of New York

The University of Tampa - News - UT to Host "Navigating Cybersecurity," a Series of Six Courses Designed For Leaders

UT to Host “Navigating Cybersecurity,” a Series of Six Courses Designed For Leaders The TECO Energy Center for Leadership at the Sykes College of Business is offering an online series of courses titled “Navigating Cybersecurity: The Foundations for Leaders” from May 5 to June 9 that’s designed to help leaders recognize cybersecurity risks and effectively manage them. Those who successfully complete all six sessions will earn a certificate. Registration for the series costs $249. Visi...
Frank Ghannadian Alper Yayla Dominique Walker Hwee Joo Kam Chen Zhong A Cybersecurity Program In Your Organization
Source: ut.edu

New CT Leadership Summit: IT Security in the New Normal -- Campus Technology

04/09/21 Whether institutions are tightening security protocols that were loosened during their initial pandemic response or facing new challenges of remote operations, every college and university must redouble its focus on IT security in these unprecedented times. On May 19, the Campus Technology Leadership Summit will explore the challenges of IT security in the new normal: Join us for this free, one-day virtual event as education and IT leaders share their insights, best practices and pred...
Stephen Heath Carrie Klein Brian Kelly Campus Technology Leadership Summit Cybersecurity Program Privacy Forum

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