Last week, the New York Department of Financial Services (“DFS”) issued guidance to entities it regulates about maintaining cybersecurity awareness during the COVID-19 pandemic. Businesses have likely already seen the numerous news alerts regarding the increased risk of cyberthreats as bad actors take advantage of the upheaval caused by the current health crisis. At the end of March, the FBI reported that its Internet Crime Complaint Center had already received over 1200 complaints of COVID-19-related scams.
Organizations of all sizes are facing daunting technological and logistical challenges, as much of the country’s workforce adjusts to working remotely. Privacy and data security risks only add to these challenges.
As the implications of COVID-19 continue to evolve, we stand committed to providing insight from across the firm to help you respond to any legal and business issues that may arise during these uncertain times.
Entities and individuals subject to the cybersecurity regulations from the New York State Department of Financial Services (“DFS”) will see a change to this year’s filing deadlines.