The New York Department of Financial Services (DFS) has issued a Cyber Insurance Risk Framework (the “Framework”) of best practices for carriers. The first of its kind, the Framework tells carriers to establish formal strategies for measuring and managing cyber risks. It applies to all insurance carriers — not only those who write
Heather Wright helps financial institutions identify operational risks and determine business solutions to mitigate those risks. She provides regulatory and compliance advice and manages litigation for financial institutions regarding compliance with, and alleged violations of, security agreements and other contracts as well as lending and consumer finance statutes and regulations -- particularly in matters involving property insurance and flood insurance.