Jasper Zabala, CISA
Manager

In July 2020, the New York State Department of Financial Services (“NYSDFS”) announced that First American Title Insurance Company (a subsidiary of insurance company, First American Financial Corp) was their first ever cybersecurity enforcement action after the financial institution exposed hundreds of millions of documents containing confidential information, such as social security numbers, wire transaction receipts, drivers’ license images, bank account numbers, etc. stemming back from 2003.

Jasper Zabala, CISA
Manager

Cybersecurity has been a hot topic within the past few years. It is especially important now due to the huge shift in people working remotely as a result of the current pandemic, which makes having strong cybersecurity measures invaluable. With the growing number of security breaches, companies are finding the best ways to secure their network through various types of administrative and technical controls. Yet, some organizations tend to overlook the importance of proper security awareness training being provided to their employees, especially specific training provided to the Board of Directors (“Board”).

Yvonna Coyne, Manager

As you already know, the president declared a National Emergency on March 13, 2020 due to the COVID-19 pandemic.  Even after several months, this remains a unique and challenging situation that continues to cause business disruptions affecting banks, borrowers, and the economy alike. As a recap, here are some of the more major changes impacting the lending environment which are still important as we strive to move forward.