Few things have upended the world of cybersecurity regulation in the United States recently more than the new cybersecurity regulations issued by the New York State Department of Financial Services (“DFS”) in March of this year. Found in 23 N.Y.C.R.R. Part 500, these new regulations are sweeping in scope and reach far beyond the financial services sector in New York, affecting entities that support that sector as well as a number of other entities that may not have thought of themselves as governed, even in part, by DFS.
The Department of Financial Services (DFS) has issued a much-anticipated document setting the maximum employee contribution to pay for New York Paid Family Leave (PFL) at 0.126% of an employee’s weekly wage, up to the statewide average weekly wage. With a current average weekly wage of $1,305.92, this means that employee contributions will initially be capped at $1.65 per week.
Back in February, proposed regulations for New York’s Paid Family Leave Benefits Law were issued by the Workers Compensation Board (WCB). Today, the WCB released a revised set of proposed regulations containing some minor and a few substantial changes.
"When this hits a health care provider or other folks who are on the first line of defense where people's health and safety are concerned, you can certainly understand that decision, but at the end of the day, you have no assurance that the very same ransomware attack isn't going to be recreated the next day and ask for even more money."