Cassandre Coyer reports: As another cybersecurity compliance deadline hits in New York, the impact may be most deeply felt by smaller companies—as well as vendors and other businesses outside the financial sector that technically aren’t within scope of the regulation. The New York Department of Financial Services’ (NYDFS) latest Cybersecurity Regulation amendments go into effect…
Category: State/Local
North Dakota Expands Data Security Requirements and Issues New Licensing Requirements for Brokers
A.J. S. Dhaliwal, Mehul N. Madia, and Beineng Zhang of SheppardMullin write: On April 11, North Dakota enacted HB 1127, overhauling its regulatory framework for financial institutions and nonbank financial service providers. The law amends multiple chapters of the North Dakota Century Code and creates a new data security mandate for financial corporations—a category that includes non-depository entities regulated…
A Brief Reminder About the Florida Information Protection Act
Joseph Lazzarotti of JacksonLewis writes: According to one survey, Florida is fourth on the list of states with the most reported data breaches. No doubt, data breaches continue to be a significant risk for all business, large and small, across the U.S., including the Sunshine State. Perhaps more troubling is that class action litigation is more…
CPPA Brings Enforcement Action Against National Public Data
There’s been a state enforcement action against National Public Data, but it’s not for the data breach that resulted in the leak of 2.9 billion records. It’s for failure to register with California as a data broker. News: February 20, 2025 SACRAMENTO — The Enforcement Division of the California Privacy Protection Agency (CPPA) has brought…
Bill raising the bar for class-action suits in data breach incidents advances
Rural Radio reports: A measure that would raise the bar for filing class-action lawsuits in state courts against private entities that suffer a cybersecurity breach has received first round approval in the Nebraska Legislature. Lawmakers spent a considerable amount of floor debate Tuesday and today discussing LB 241, which would require willful, wanton, or gross…
PayPal to pay NYS $2M for violating DFS’s Cybersecurity Regulation
January 23, 2025 New York State Department of Financial Services Superintendent Adrienne A. Harris today announced that PayPal, Inc. (PayPal) will pay a $2 million penalty to New York State for violations of DFS’s Cybersecurity Regulation. An investigation determined PayPal failed to use qualified personnel to manage key cybersecurity functions and failed to provide adequate training…