NYDFS
New Ransomware Payment Reporting Requirements on Horizon
January 9, 2023, was the deadline for financial services companies doing business in New York (including cryptocurrency entities with a Bit license) to comment on new proposed cybersecurity regulations which would mandate, ...
Another look at NYDFS Cybersecurity Regulations…
It’s been almost five years since the Final NYDFS Regulation, covered entities have now transitioned to a compliance phase. Let’s take a look at the current state of the regulation, but first ...
The Role of Security Frameworks in Determining Cyber Insurance Risks | Apptega
Will NYDFS’s Cyber Insurance Framework Set a Precedent for the Cyber Insurance Industry? As ransomware attacks reach unprecedented numbers and the number of record exposures continues to skyrocket, an increasing number of ...
NYDFS Levels First NYCRR 500 Penalties | Apptega
New York First in Nation to Implement Statewide Cybersecurity Regulation for Financial Services Industry One point five million dollars. That’s how much it’s going to cost an independent mortgage lender after New ...
Instant Justice: WeLeakInfo Hacked with a Ex-domain Reuse Attack
Expired domains (ex-domains) have always been easy targets for hackers and cybercriminal groups. The bad news is that this trend is not going away anytime soon. In a bizarre turn of events, ...
A New York special: NYDFS cybersecurity regulation (23 NYCRR 500)
23 NYCRR 500, also known as NYDFS Cybersecurity Regulation, is a law issued by the New York State Department of Financial Services (NYDFS) that mandates the enforcement of optimal data security standards ...
Making Compliance and Risk Part of DevOps – 2020 Trend #4
In our 2020 Trends blog, Imperva CTO Kunal Anand predicts that fully automated processes will make compliance more rapid and less expensive. As businesses incorporate security into software development lifecycles (SDLC), continuous ...
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 ...
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 ...
5 Minute Guide: The NYDFS 500 Cybersecurity Regulations
Cybersecurity is important for companies in all industries, however it's extremely critical for the financial sector. The state government of New York has provided assistance by adding additional security measures for the ...
