Achieving Compliance with New York Financial Services Cybersecurity Requirements DFS 23 NYCCR 500
Cybercriminals seek to exploit technological vulnerabilities to gain access to sensitive electronic data and financial transactions and cause significant financial losses for any regulated entities and consumers. The financial services industry is a significant target for cyber threats due to the direct impact of monetary gain by targeting the industry.
Given the severity of the issue and the risk to all regulated entities, certain regulatory minimum standards are warranted to mitigate flaws in technological advancements. BeyondTrust has been monitoring the legislation from The New York State Department of Financial Services (“DFS”), 23 NYCRR 500, to combat the ever-growing threat posed to information and financial systems by nation-states, terrorist organizations and independent criminal actors. Now that this regulation is in force, it’s important for organizations to understand the requirements and how to comply with them.
To that end, BeyondTrust has developed a brief on achieving compliance with DFS 23 NYCRR 500. This compliance brief maps BeyondTrust solutions for privileged access management and vulnerability management into the requirements for NYCRR 500.
For more on this critical cybersecurity regulation and how to achieve compliance with it, please download the brief today!