New York Releases Guidance for Ransomware Regulations natlawreview.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from natlawreview.com Daily Mail and Mail on Sunday newspapers.
Bill limiting nominations could scale back governorâs power By Susan Arbetter City of Albany PUBLISHED 5:28 PM ET Jul. 09, 2021 PUBLISHED July 9, 2021 @5:28 PM
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The Board of the Metropolitan Transportation Authority includes nominees from the governor, the mayor of New York City, unions and those county executives whose counties are within the MTA footprint.
The fact that several of Gov. Andrew Cuomoâs picks either still work for him directly, or worked closely with him in the past, has prompted two lawmakers to take action.
State Assemblyman Harvey Epstein (D-Manhattan) and Sen. Liz Krueger (D-Manhattan) have introduced legislation to curb what Epstein has called the appearance of a conflict of interest.
NRA Sues New York for Blacklisting, Blocking Insurance for Gun Owners independentsentinel.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from independentsentinel.com Daily Mail and Mail on Sunday newspapers.
Thursday, July 8, 2021
Law firms have recently become prime targets for cybercriminals seeking to steal, expose, sell, or otherwise extort confidential information. Both the digitalization of law firms’ sensitive documents and the increase in means available to perpetrate an online crime exacerbate these risks. Law firms encounter various cybersecurity risks from “insiders” personnel within the company and external persons.
As a response, many law firms have adopted cybersecurity obligations to protect its clients’ data and the firm’s integrity and reputation.
Main Cybersecurity Risks Facing Law Firms
Law firms naturally handle sensitive client data and confidential company information. The lack of strong internal controls and compliance programs leaves law firms open to cyber-attacks. These attacks can be committed by insiders within the firm as well as external actors. Some examples of cybersecurity risks for law firms include the following:
Robinhood’s crypto division faces US$15mln fine from New York regulator
The potential fine relates to concerns around money laundering and cybersecurity flagged by the New York State Department of Financial Services
Robinhood Markets Inc has said its cryptocurrency division could face fines of at least US$15mln from the New York State Department of Financial Services (NYDFS) as a result of what it said were concerns surrounding money laundering and cybersecurity.
In its initial public offering (IPO) prospectus released last week, the stock trading platform said the estimated US$15mln penalty was “the bottom of the range for our probable loss in this matter”, adding that it could confirm whether current discussions with NYDFS would be the end of the issue.