Tag archives: NYDFS

New York State imposes a US$1.5 million penalty in cybersecurity breach case

Norton Rose Fulbright - Data Protection Report blogOn March 3, 2021, the New York Department of Financial Services (NYDFS) announced a Consent Order with a NYDFS-licensed Maine-based mortgage banker and loan servicer settling alleged violations of the NYDFS cybersecurity regulations. (In the matter of Residential Mortgage Services, Inc., March 3, 2021). The Consent Order required RMS to pay $1.5 million, and within … Continue reading
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