Cyber Enforcement Hits Hard: New York DFS Imposes $19 Million in Penalties

The New York State Department of Financial Services (DFS) recently announced a $19 million aggregate penalty against eight auto insurance companies for violations of its cybersecurity regulation. As a result of inadequate cybersecurity controls, threat actors were able to access consumer nonpublic information, including driver’s license numbers and dates of birth, using online automobile insurance quoting applications….
By: Wiley Rein LLP