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The New York Department of Financial Services NYDFS recently announced it has entered into a Consent Order with an insurance agency for alleged violations of New York’s Cybersecurity Regulation. The Insurance Agency agreed to pay a $1.9 million penalty to the NYDFS.
Advertisement New York Department of Financial Services Announces a $1.8 Million Settlement with Two Life Insurers for Data Breach Violations Monday, July 12, 2021 The New York Department of Financial Services (“NYDFS”) recently announced that it has entered into a Consent Order with two affiliated life insurers for alleged violations of New York’s Cybersecurity Regulation (the “NY Cybersecurity Regulation”). The NYDFS conducted an investigation and determined that the two life insurers (the “Companies”) had been the subject of two phishing attacks in 2018 and 2019, wh...