On May 1, 2023, bitFlyer USA, Inc. (“bitFlyer”) entered into a Consent Order with the New York Department of Financial Services (“DFS”) for multiple deficiencies in bitFlyer’s cybersecurity program, most notably for failure to conduct periodic risk assessments to sufficiently inform the design of bitFlyer’s cybersecurity program (as required by 23 NYCRR § 500.09(a)). BitFlyer […]
The post NYDFS Penalizes bitFlyer $1.2 Million for Violations to Cybersecurity Regulation appeared first on Alston & Bird Privacy, Cyber & Data Strategy Blog.
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