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NY Cybersecurity Regulations for Financial Services Companies: Enforcement Begins Aug. 28
  • McGuireWoods LLP
  • USA
  • August 17 2017

The 180-day transitional period under the New York Department of Financial Services (NYDFS) Cybersecurity Requirements for Financial Services


Federal Reserve Releases Paper Studying the Evolution and Forward Looking Growth of Fintech
  • Buckley Sandler LLP
  • USA
  • August 17 2017

On August 1, the Federal Reserve Board released a paper on the origins and growth of financial technology, and how these “deep innovations” have the


No cyber insurance coverage for $800,000 loss for spearphishing (aka BEC -Business Email Compromise)!
  • Gardere
  • USA
  • August 15 2017

Businessinsurance.com reported that a court agreed with Traveler’s “which denied coverage on the basis the loss was not a “direct loss” that was


Getting Fooled Into Wiring Almost $5 Million To A Thief Can Be Covered By A Cyber Insurance Policy
  • Holland & Knight LLP
  • USA
  • August 15 2017

For businesses both large and small, cybersecurity threats continue to proliferate, to the point where being the victim of a cyberattack seems almost


NAIC Takes Major Step Toward Final Approval of Insurance Data Security Model Law
  • Eversheds Sutherland (US) LLP
  • USA
  • August 14 2017

In a flurry of approvals last week, the National Association of Insurance Commissioners (NAIC) took substantial steps toward finalizing its proposed


New Cybersecurity Regs will not be Limited to New York: Extra-Territorial Application for the Insurer and its 3rd Parties
  • Frost Brown Todd LLC
  • USA
  • August 11 2017

August 28, 2017, marks the first of several rapidly approaching implementation deadlines for “covered entities” subject to the new cybersecurity


The Best Defense Is a Good Offense: Any Cyber Defense Strategy Must Include Cyber Insurance
  • Pillsbury Winthrop Shaw Pittman LLP
  • USA
  • August 10 2017

Every single industry or business in this day and age has either been the victim of a cyber attack or is concerned they will be next. A few examples


Think You Don’t Need Cyber Insurance? This Recent Data Breach Class Action Ruling May Change Your Mind
  • Pillsbury Winthrop Shaw Pittman LLP
  • USA
  • August 9 2017

Cyber insurance continues to be one of the hottest topics in the insurance industry. In the last several years it has evolved from a little-known


US Cyber insurance market exceeds $2.49 Billion!
  • Gardere
  • USA
  • August 8 2017

A report to the Cybersecurity (EX) Task Force explains the growth of cyber insurance to more than $2.49 billion in 2016 because “Cybersecurity


Cyber Insurance Primer
  • Butler Snow LLP
  • USA
  • August 8 2017

The number of reported U.S. data breaches tracked through June 30, 2017 hit a half-year record high of 791. This represents a significant jump of 29