First Enforcement Action by NY Department of Financial Services Under Cybersecurity Regulation

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First Enforcement Action by NY Department of Financial Services Under Cybersecurity Regulation

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 First American Title Insurance (the “Company”), a large title insurance provider. One overlooked vendor or misstep could cost the company millions of dollars in penalties.

Watch this on-demand webcast to learn:

  • What is the NYDFS Cybersecurity Regulation and when does it apply?
  • Why did NYDFS charge First American?
  • What’s essential to comply and combat enforcement actions?
  • What’s next for NYDFS?

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