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!
Morey J. Haber, Chief Security Officer, BeyondTrust
Morey J. Haber is the Chief Security Officer at BeyondTrust. He has more than 25 years of IT industry experience and has authored three books: Privileged Attack Vectors, Asset Attack Vectors, and Identity Attack Vectors. He is a founding member of the industry group Transparency in Cyber, and in 2020 was elected to the Identity Defined Security Alliance (IDSA) Executive Advisory Board. Morey currently oversees BeyondTrust security and governance for corporate and cloud based solutions and regularly consults for global periodicals and media. He originally joined BeyondTrust in 2012 as a part of the eEye Digital Security acquisition where he served as a Product Owner and Solutions Engineer since 2004. Prior to eEye, he was Beta Development Manager for Computer Associates, Inc. He began his career as Reliability and Maintainability Engineer for a government contractor building flight and training simulators. He earned a Bachelor of Science degree in Electrical Engineering from the State University of New York at Stony Brook.