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Financial institutions will have to certify annually that their internal controls and cybersecurity practices remain up to snuff. And now that the transitional periods for implementing the cyber regulation have passed, covered institutions will need to certify that they have complied with each provision.
Financial institutions regulated by New York’s Department of Financial Services (DFS) can breathe a sigh of relief, at least temporarily. Two years after DFS’s Cybersecurity Requirements for Financial Institutions took effect, and more than three years after the cybersecurity regulation was announced, the final provision of the law became effective on March 1 of this year.
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Coronavirus Work-from-Home Response A Boon for Cybercriminal Exploitation
By Mark Sangster
Companies determined to protect their employees and minimize the impact of COVID-19 are enforcing travel restrictions and strong work-from-home policies. However those actions can be used against employees as any firms are likely unprepared for the criminal appetite for the cyberattack exploitation of a remote workforce. Here are some of the key issues of which law firms and companies need to be aware and steps that should be considered to minimize the risk to keep everyone — and client data — safe.
COVID-19: Threats Abound: How to Protect Your Remote Workforce
By Tomas Suros
The COVID-19 pandemic has changed the conversation around remote work. As more employees work remotely, law firms must employ security best practices to ensure that the extended reliance on the cloud doesn’t expose sensitive data or cripple daily operations. Following is a practical checklist of systems, technologies and processes to consider when evolving your firm for remote work and selecting your cloud technology provider.
COVID-19: Companies, Trade Organizations Seek to Postpone CCPA Enforcement Date
By Dan Clark
Over 30 trade associations and companies co-signed a letter last month to California Attorney General Xavier Becerra asking him to push back the enforcement date for the California Consumer Privacy Act due to the new coronavirus and a lack of clarity on the enforcement rules.
The California Consumer Privacy Act is HERE: Are You Litigation Ready?
By Ann Marie Mortimer, Jason J. Kim and Lisa J. Sotto
Most companies doing business in California are well aware of the CCPA and prepared diligently in advance of the law’s Jan. 1, 2020 compliance deadline. While compliance certainly is key, even compliant businesses must consider — and prepare for — the eventual onslaught of class action litigation that is coming.
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