Attorneys as Third Party Vendors
NYS Department of Financial Services | Cybersecurity Procedures
Just when you thought it was safe to go back to the keyboard.
Government bank regulators can't regulate attorneys. Neither can the Appellate Division regulate banks. However, what is sauce for the goose is sauce for the gander. Just like the Appellate Division prohibits attorneys from keeping escrow accounts at banks that do not agree to its bounced check rule, the New York State Department of Financial Services indirectly regulates attorneys by prohibiting anyone with a license or charter from DFS from doing business with a third-party service provider who does not adopt appropriate cybersecurity procedures.
In this presentation, you will learn about the DFS rule that forces banks, insurance companies, mortgage bankers, insurance brokers, and anyone else with a DFS license or charter to only do business with third-party service providers that have procedures to protect against inadvertent or wrongful access to the regulated entity's protected information. If you or your firm do any work for clients in the insurance, banking or consumer lending industry, from closing or foreclosing residential mortgages to defending slip and fall cases for insured property owners, and anything in between, you need to know about these rules. You do not want to be caught short when your client engages in the regulatorily required due diligence.
Thursday, August 22, 2019
12:00 p.m. – 1:00 p.m. | Webinar
1.0 MCLE Credits
1.0 Areas of Professional Practice
NYSBA Members: $25 | Non-Members: $125
Jay L. Hack, Esq. | Gallet Dreyer & Berkey, LLP
Sponsored by the Business Law Section, the Committee on Continuing Legal Education and the Law Practice Management Committee of the New York State Bar Association.
Newly Admitted Attorneys: To receive skills credit, newly admitted attorneys must take accredited transitional CLE courses in traditional live classroom settings that have been approved by the CLE Board for use by newly admitted attorneys. For more information about the CLE Rules, please go to www.nycourts.gov/Attorneys/CLE.
Out of State Accreditation: This program has also been approved for MCLE credit by the State Bar of California, the Pennsylvania Continuing Legal Education Board and the Board of Continuing Legal Education of the State of New Jersey. If you require MCLE credit in other states, we can provide you a Uniform MCLE Form.
Partial Credit for Program Segments Not Allowed: Under the New York State Continuing Legal Education Board Regulations and Guidelines, attendees at CLE programs cannot get MCLE credit for a program segment (typically, a lecture or panel, of which there are usually several in a program) unless they are present for the entire segment. Those who arrive late, depart early, or are absent for any portion of the segment WILL NOT receive credit for that program segment.
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If you have any questions about this program, please contact Michella Weiss, CLE Program Manager, or Tara Covert, CLE Program Coordinator.
For any questions related to program registration, please contact the NYSBA Member Resource Center by email at [email protected], or by phone at 800-582-2452.