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New York: NYDFS releases 2019 annual report

The New York State Department of Financial Services ('NYDFS') released, on 25 June 2020, its 2019 annual report ('the Report'). In particular, the Report outlines various consumer protection efforts including restitution for consumers following the July 2019 breach and settlements with Equifax Inc., Equifax Information Services, LLC, and Equifax Consumer Services, LLC, which affected sensitive consumer data. In addition, the Report highlights, among other things, the establishment of a Cybersecurity Division to protect personal data and to ensure the safety of banks, insurance companies, and other financial services institutions.   

You can read the Report here