News and analysis for the well-informed compliance or audit exec.
Annual Membership best value
Subscribe now for $365
Our lowest price ($1 per day) for one year.
Register for free
Receive the CW newsletter and access CPE webcasts.
- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aaron Nicodemus2024-05-14T16:59:00
The New York State Department of Financial Services (NYDFS) issued guidance for small businesses attempting to comply with its cybersecurity regulations.
New York has had rules for financial institutions regarding cybersecurity in place since 2017. The state issued amended rules in 2023 that require financial institutions to conduct risk assessments more often and improve governance.
Under the amended rules, “[C]overed entities must maintain a cybersecurity program designed to identify and assess cybersecurity risks; protect nonpublic information (such as confidential customer information or sensitive business information) and the computers, phones, and other electronic devices storing such information from unauthorized access and other malicious acts; detect, respond, and recover from cybersecurity events; and comply with applicable regulatory reporting obligations,” the NYDFS said Monday in a guidance letter.
THIS IS MEMBERS-ONLY CONTENT. To continue reading, choose one of the options below.
News and analysis for the well-informed compliance or audit exec.
Annual Membership best value
Subscribe now for $365
Our lowest price ($1 per day) for one year.
Register for free
Receive the CW newsletter and access CPE webcasts.
2024-06-20T14:45:00Z By Jeff Dale
A business communications and marketing services company agreed to pay more than $2 million to settle charges levied by the Securities and Exchange Commission over cybersecurity-related control violations.
2024-06-18T19:49:00Z By Adrianne Appel
Guidehouse and Nan McKay and Associates will pay a total of $11.3 million to the Department of Justice (DOJ) to settle allegations that cybersecurity failures led to the theft of client personal information during the height of the COVID-19 pandemic.
2024-05-21T19:27:00Z By Adrianne Appel
The Environmental Protection Agency is increasing its inspections of public drinking water systems after finding a majority of those reviewed were vulnerable to cyberattacks and related threats.
2024-07-24T15:50:00Z By Aaron Nicodemus
Financial institutions holding Russian sovereign assets that have not reported them to the Treasury Department’s Office of Foreign Assets Control are now required to do so by Aug. 2.
2024-07-23T12:29:00Z By Ruth Prickett
Compliance officers should take note of proposed laws in the U.K. with the newly elected Labor government setting the legislative agenda in the King’s Speech last week, promising consultations on enhanced employee rights and a higher minimum wage.
2024-07-22T15:50:00Z By Aaron Nicodemus
Four federal banking regulators have joined the Treasury Department’s Financial Crimes Enforcement Network in issuing a notice of proposed rulemaking that would require financial institutions to conduct more thorough risk assessments on their anti-money laundering/countering the financing of terrorism programs.
Site powered by Webvision Cloud