DFS Updates Cyber Alert in Wake of Fraudulently-Issued Insurance Policies
Responding to an alert from Big I New York, the New York State Department of Financial Services (DFS) yesterday updated its guidance to financial services companies about a recent wave of cyber fraud. If your agency has a website that enables visitors to obtain instant auto insurance quotes, you should take immediate steps to protect any non-public information collected.As we reported last month, DFS warned of a "systemic and aggressive campaign to exploit cybersecurity flaws in websites that provide instant insurance quotes." The department's letter provided specific actions companies, including agencies and brokerages, could take to reduce the risk of cyber crime.On March 9, two Big I New York…