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December 3, 2023
Cyber(in)security: New York Levies Fine for Failure to Implement Written Policies | Insights | Vinson & Elkins LLP
Summary
New York’s Department of Financial Services fined First American Title Insurance Company $1m for inadequate implementation of cybersecurity policies, marking reminder to organizations for practical cybersec policy execution. Issue was noted with EaglePro app, offering unauthorized document access. Triggering review for other firms under cybersecurity regulations like Federal Trade Commission Act, Sarbanes-Oxley Act.
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