The New York Department of Financial Services published updates this week to longstanding industry guidance that urges financial services companies to closely watch their third-party providers. While the guidance’s updates are numerous, they are, according to the state, mostly intended to provide clarity as the technology landscape shifts. A department press release notes that the…
Category: New York DFS
Cybersecurity, Data Breaches, Global Security News, Government, insurance, New York, New York Attorney General, New York DFS, Policy, privacy, Technology
New York sues Allstate and subsidiaries for back-to-back data breaches
Allstate and several of the insurance company’s subsidiaries were accused of poor security practices resulting in data breaches in 2020 and 2021 that exposed sensitive data on nearly 200,000 people, the New York State Attorney General office said in a lawsuit filed Monday. National General, an insurance company Allstate acquired for $4 billion in 2021,…