On July 21, 2020, the New York Department of Financial Services (NYDFS) announced that it had filed its first enforcement action under 23 NYCRR 500 (the “Cybersecurity Regulation”) against a large title insurance provider. Covered entities should closely monitor this enforcement action.
NYDFS—First Enforcement Action under Cybersecurity Regulation
By Mike Byrne and McDermott Will & Emery on July 29, 2020