From: Foley & Lardner, LLP
Kevin G. Fitzgerald, Thomas R. Hrdlick, J.J. Silverstein
On November 9, 2015, the New York Department of Financial Services (NYDFS) issued a letter that describes what insurers can expect from the Department’s ongoing assessment of cybersecurity measures. The letter parallels concerns raised in NYDFS’s February 2015 report, which noted low levels of CEO attention to cybersecurity issues and high levels of information sharing with third-party service providers.
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