BTB Security Offers Solution Guide for Emerging Cybersecurity Regulations by NYDFS (23 NYCRR Part 500)

What New York State has assembled is very broad. It is more of a framework, leaving specific actions and policies up to the entities themselves…

BTB Security, a leading information-security assessment, detection, and incident-response firm, has published a Solution Guide, “Cybersecurity in New York State: Remaining Compliant with Emerging Regulations” that exploits the most important things you need to know in an easy-to-understand format.

The New York State Department of Financial Services (DFS) implemented Cybersecurity Regulation 23 NYCRR Part 500 in response to “the ever-growing threat posed to information and financial systems by nation-states, terrorist organizations, and independent criminal actors.” Key dates run through March 1, 2019.

The serious nature of cybercrime—including the risk to both industry and consumers—warrants standards that are effective yet not prescriptive. The regulation indicates cybersecurity programs match risk and align to technological advances to protect Information Technology (IT) systems and sensitive customer information. Regulations require organizations assess their own risks—and design programs to address them. Each organization must implement a program to protect both the institution and customers. This includes annual filing to certify compliance and provides important protections.

Because financial regulations can seem complex and intimidating, this exclusive Solution Guide by BTB Security addresses the most important things in an easy-to- understand format. The Guide explains who is effected by 23 NYCRR 500, how it is different, what is required by covered entities, and how to face the challenge of compliance.

“What New York State has assembled is very broad. It is more of a…

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