NY | The Excess Line Association of New York (“ELANY”) has issued Bulletin No. 2022-05, sharing a letter from the New York Department of Financial Services. The letter outlines protective steps regulated entities should be taking in light of the potential for heightened cyber threats relating to Russia’s invasion of Ukraine. The DFS letter enumerates steps both related to the Department’s cybersecurity regulation (23 NYCRR 500) as well as guidance and alerts issued by the Cybersecurity and Infrastructure Security Agency (CISA) and Information Sharing and Analysis Centers (ISACs). The letter also includes guidance on sanctions and virtual currency.
ELANY advises its members to carefully review the notice and take all necessary measures.