Header graphic for print
HL Chronicle of Data Protection Privacy & Information Security News & Trends

Tag Archives: Office of Compliance Inspections and Examinations

Posted in Cybersecurity & Data Breaches

SEC Releases Cybersecurity and Resiliency Observations: A Potentially Useful Guide for Businesses

In today’s connected world, businesses face constant pressure to improve their cybersecurity practices and to confirm that they are meeting industry standards. To continue helping businesses achieve those goals, the SEC Office of Compliance Inspections and Examination published on January 27 its latest Examination Observations related to cybersecurity and operational resiliency practices.

Posted in Cybersecurity & Data Breaches

The “Final Final” is Here: NYDFS Cybersecurity Regulations

As Hogan Lovells previously reported, the New York State Department of Financial Services has launched a significant initiative to impose detailed cybersecurity requirements on covered financial institutions. On February 16, NYDFS issued its Final Rules, following the initial proposed rules published in September 2016 and two rounds of feedback via industry complaints and public comment. The Final Rules set forth requirements for a risk-based approach to cybersecurity, and include expectations for reporting on cybersecurity risks and events to senior management and NYDFS.

Posted in Cybersecurity & Data Breaches

New York Department of Financial Services Cybersecurity Rules Revised and Delayed

The New York Department of Financial Services just issued major revisions to the cybersecurity regulations for financial institutions that were due to come into effect on January 1, 2017. To allow covered institutions more time to implement the rules, the effective date will now be March 1, 2017, with a series of staggered implementation dates beyond this. There are several notable substantive changes in the revised rules.