What is NYDFS?

NYDFS Cybersecurity Regulation, 23 NYCRR 500 On March 1, 2017, the New York State Department of Financial Services (NYDFS) introduced new cybersecurity regulations for financial services companies that address the growing threat posed by cyber-criminality to financial firms. They are intended to regulate the protection of customer data and security ... Read More

Key Compliance Concepts for Financial Services

The Sarbanes-Oxley Act (SOX) was introduced following a number of financial scandals involving huge conglomerates and obliges companies to establish internal controls to prevent fraud and abuse, holding senior managers accountable for the accuracy of financial reporting. The financial crisis in 2008 meant even tighter rules for financial services with ... Read More