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On December 28, the New York State Department of Financial Services (DFS) issued an updated version of its first-in-the-nation cybersecurity regulation after having “carefully considered all comments submitted” during the comment period following the issuance of the original regulation in September. The comments received by the DFS included a strongly worded and detailed letter authored by banking and insurance industry groups. The updated draft is subject to an additional comment period of 30 days and the final version will become effective March 1, 2017. The updated proposed regulation provides significantly more wiggle room than the original version, shifting from an approach that enforces minimum standards to a risk-based approach with increased transition periods for compliance. A few highlights of the changes are summarized below:
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By Mark Sangster
Criminals have long taken advantage of unrest and instability, knowing that people’s attention will be diverted and their defenses down during uncertain times. This leaves ample space for the less altruistic among us to move in and manipulate a situation to their benefit.
By Michel Sahyoun
Ransomware has come a long way since the 1989 “AIDS Trojan.” In 2019 ransomware demands topped $12M. Succinctly put: “Ransom demands grew larger. Tactics became more cutthroat.”
By Dean Gonsowski
Data “in transit,” or in motion, is data that is moving from one location to other, such as from device to device or through a private network. Data “at rest” is data that is not actively moving from place to place, such as archived data. Protecting data in motion and at rest is crucial for data-driven enterprises as hackers continue to come up with new ways to attack.
By Ari Kaplan
The pandemic has forced law firms to reevaluate their expenses, refine their budgets, and review their overall operations to adapt to an environment of perpetual uncertainty. To understand their approach, options, and considerations, LSQ engaged Ari Kaplan Advisors to benchmark a range of metrics and perspectives from leaders at an array of organizations