TISH JAMES NABS THE GECKO! The New York State Attorney General slapped two auto insurance companies with a total of $11 million in penalties for lax cybersecurity measures which she says led to a November 2020 data breach and resulted in fraudulent unemployment claims being filed with the state. In this episode, David discusses how New York's regulation of financial services companies continues to form the basis of some of the toughest enforcement of data privacy in the nation, and what financial institutions should be doing to safeguard against cyber risk.
