NY State

AI to the Rescue for Cyber Insurers? Not so Fast, Says New York State

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“Artificial intelligence systems” (“AIS”) and “external consumer data and information sources” (“ECDIS”) can help insurers and companies, New York State regulators concede, but the technologies better not hurt “protected classes” or “perpetuate or amplify systemic biases that have resulted in unlawful or unfair discrimination,” warns the state in new regulatory guidance. Given the complexity of … Read more

New York State Mulls Groundbreaking Cybersecurity Regulations for Hospitals

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Governor Kathy Hochul has proposed cybersecurity regulations for hospitals, backed by a $500 million budget allocation in the FY24 budget. These regulations aim to fortify hospital networks against escalating cyber threats, complementing the Health Insurance Portability and Accountability Act (HIPAA) Security Rule focused on safeguarding patient data. Under the proposed provisions, hospitals must establish comprehensive … Read more

New York Cybercrime Report Shows 53% Increase in Attacks Since 2016

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A new report released by New York State Comptroller Thomas P. DiNapoli today shows that cyberattacks in the state have increased 53% since 2016, jumping from 16,426 incidents in 2016 to 25,112 in 2022. The report also found that New York had the third-highest number of ransomware attacks and corporate data breaches in the nation … Read more

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