Eulonda Skyles

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New York Brings Long-Awaited Cybersecurity Message Case

By Jonathan A. Forman and Eulonda Skyles on July 30, 2020 Posted in Cybersecurity

Ever since the New York State Department of Financial Services (DFS) instituted its first-in-the-nation Cybersecurity Regulation[1] in 2017 (covered in our post here), banks, insurance companies, and others in the financial services industry wondered what would trigger an enforcement action under its broad purview. At long last, the industry now knows. On July 22, 2020, … Continue Reading

Deeper Dive: GLBA-Regulated Financial Institutions Reduce Your Cybersecurity Risk With Rigorous Oversight of Third-Party Service Providers

By Eulonda Skyles on May 8, 2019 Posted in Data Security Incident Response

Financial institutions that are subject to the Gramm-Leach Bliley Act (GLBA) can find practical tips that address their unique data security challenges in the 2019 Data Security Incident Report (DSIR). It appears that money remains a strong motivating force for many threat actors. According to the 2019 report, finance and insurance remain among the sectors … Continue Reading

Beware the Ides of March – Is Your NYDFS Cybersecurity Compliance in Order?

By Eulonda Skyles and Jonathan A. Forman on March 6, 2019 Posted in Cybersecurity, Enforcement

March is now here and with it the Cybersecurity Regulation of the New York Department of Financial Services (NYDFS) is now in full force and effect, including requirements relating to Third Party Service Providers[1] (e.g., vendors, suppliers, agents). To comply with the regulation, banks, insurance companies, and other financial institutions and individuals who are, or … Continue Reading