New York’s Cybersecurity Regulation continues its phased roll-out on November 1, when licensed financial services companies face a host of new requirements aimed at bolstering breach readiness and improving their ability to recover from disastrous situations. Companies will be required to put in writing how they would address several common pressure points in the breach response and mitigation process – including how they plan to recover from backups if critical data is lost.

Data breaches have become a serious issue for businesses, leading to numerous putative class action lawsuits alleging that the defendants failed to prevent the unauthorized disclosure of personally identifiable information or protected health information of their employees or customers.

The NetDiligence Cyber Risk Summit, which was held September 30-October 2 in Philadelphia, featured panels focused on the latest developments and challenges in cyber risk. Speakers included insurance, legal, and technology experts from a wide variety of organizations in the cyber risk industry.

On October 1, Montana became the newest state with a comprehensive data privacy law, the Montana Consumer Data Privacy Act.