New York Rolls Out New Cybersecurity Requirements For Banks, Insurers

According to the New York Department of Financial Services (DFS), new cybersecurity rules aimed at safeguarding consumer data go into effect on March 1, 2017. The regulations will require banks, insurers, and money services to strengthen their cybersecurity protocols by, in part, putting data security programs in place and accepting greater responsibility for monitoring the vendors with whom they do business. The rules also require reporting breaches within 72 hours.

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Cybercrime Insurance Outlook 2017:
Man vs. Machine

OSHA Updates 40-Year-Old Beryllium Permissible Exposure Limits

As 2017 unfolds, it remains to be seen whether an emerging trend of stricter readings of cybercrime insurance policies to limit or exclude the reach of computer fraud crimes protection coverage will continue. One case decided late last year illustrates the trend, and the view that whether or not computer fraud coverage applies will be based in large part on the degree of human involvement in bringing about the criminal losses.

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Paul J. Schumacher

On January 6, 2017, the Occupational Safety and Health Administration (OSHA) dramatically lowered its workplace permissible exposure limit (PEL) to beryllium. This final rule replaces a 40-year-old PEL, making the new standards effective March 21, 2017.

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