regulation

It’s Time to Get Serious About the SHIELD Act

More data records have been exposed thus far in 2020 than in all of 2019. That’s a 273% increase from Q1 2019, which saw 4.1 billion records exposed. States across the U.S. have begun to act by developing laws to ensure that businesses protect U.S. citizens’ personal information during these unprecedented times. In March 2020,…

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NY DFS Releases Cybersecurity Requirements for Financial Service Companies

New cybersecurity regulations are set to go into effect on March 1, and NY-based financial firms need to be prepared. Announced  in September 2016, the new cybersecurity regulation, known as 23 NYCRR 500, was developed to “guarantee the financial services industry upholds its obligation to protect consumers and ensure that its systems are sufficiently constructed to prevent…

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