Tag archives: Financial institutions

OSFI’s Technology and Cyber Risk Management Guideline: Part 1

Photo of Suzie Suliman (CA)Photo of Shreya GuptaPhoto of Imran Ahmad (CA)By Suzie Suliman (CA), Shreya Gupta and Imran Ahmad (CA) on Posted in Compliance and risk management, Cybersecurity
innovation circuit boardOn July 13, 2022, the Office of the Superintendent of Financial Institutions (OSFI) released its final Guideline B-13 (the Guideline), setting out technology and cyber risk management expectations for all federally regulated financial institutions (FRFIs), such as banks, insurance and trust companies. FRFIs will need ensure that they have taken steps to comply with the requirements … Continue reading

NYDFS Requires COVID-19 Plans by April 9

Photo of Susan Ross (US)Photo of Kathleen Scott (US)By Susan Ross (US) and Kathleen Scott (US) on Posted in Compliance and risk management, Cybercrime, Cybersecurity, Dispute resolution and litigation, Enforcement, General
Norton Rose Fulbright - Data Protection Report blogOn March 10, 2020, the New York Department of Financial Services (NYDFS) issued guidance to all of its regulated institutions engaged in virtual currency business activity, requiring them to have plans for preparedness to manage the possible operational and financial risks posed by the COVID-19 pandemic. NYDFS requires the plans to be submitted by Thursday, April 9, … Continue reading

Event: Cybersecurity Updates in the Financial Services Sector – April 6, 2017

By on Posted in General
Data Protection Report - Norton Rose FulbrightPlease join us for a 40-minute briefing on the latest developments in cybersecurity and what the financial services sector needs to know in order to comply. There are new regulatory initiatives at the international, US national and US state levels. With the consistent threat of security breach, financial institutions need to be aware of the latest developments … Continue reading
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