NYDFS Cybersecurity Regulation Affects Insurance & Finserv Sectors

Earlier this year, the New York State Department of Financial Services (NYDFS) significantly increased the cybersecurity requirements for any financial services company doing business in the state. Given that New York City is the “Financial Capital of the World”, there are few organizations unaffected by the Cybersecurity Requirements for Financial Services Companies regulation. Section 500.12, requires all covered entities to use multi-factor authentication (MFA) for any individual accessing the Covered Entity’s internal networks from an… Read more

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*** This is a Security Bloggers Network syndicated blog from VASCO Data Security – Blog authored by Michael Magrath. Read the original post at: https://blog.vasco.com/legal/nydfs-cybersecurity-regulation-affects-insurance-finserv-sectors/