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Digital Asset Research Recommends Crypto Asset Vetting in Response to Heightened Regulatory Activity Globally
New York Department of Financial Services Issues First-of-Its-Kind Cyber Insurance Risk Framework On February 4, 2021, the New York Department of Financial Services (DFS) issued Circular Letter No. 2, which introduced a Cyber Insurance Risk Framework directed to New York-regulated property/casualty insurers that outlines best practices for managing cyber insurance risk. The framework is the first-ever guidance by a U.S. regulator on cyber insurance. Background In its introduction to the framework, DFS noted that as cybercrime continues to increase for all organizations, cyber insurance is pla...