Track Compliance for 23 NYCRR 500
StandardFusion simplifies compliance with 23 NYCRR 500 by automating cybersecurity control tracking and reporting. Our GRC platform ensures your organization can easily meet stringent cybersecurity regulations.
Cybersecurity Regulation
Publisher
New York State Department of Financial Services
Date Published
2017
Category
Cybersecurity
Description
23 NYCRR 500 is a regulation issued by the New York State Department of Financial Services (NYDFS) that establishes cybersecurity requirements for financial services companies operating under NYDFS jurisdiction. The regulation mandates that covered entities develop and maintain a robust cybersecurity program, implement a risk-based cybersecurity policy, conduct regular risk assessments, and establish incident response plans. It also requires the designation of a Chief Information Security Officer (CISO) and imposes specific reporting obligations for cybersecurity events.
Overview
23 NYCRR 500 mandates robust cybersecurity measures for financial services companies, ensuring they can protect against cyber threats.
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