NY DFS Cybersecurity Compliance

Ensuring Robust Cybersecurity Practices for Financial and Insurance Entities in New York

The New York Department of Financial Services (NY DFS) Cybersecurity Requirements mandate that financial services institutions protect consumer data with a comprehensive cybersecurity program. 

23 NYCRR Part 500 Cybersecurity Regulation

As a leading cybersecurity MSP, Complete Works, Inc. specializes in helping businesses navigate and comply with these stringent standards. Here’s how we can assist you:

Cybersecurity Program Development

Our first step is to help you develop a written cybersecurity policy that meets NY DFS standards, addressing areas like data governance, asset inventory, access controls, risk assessment, incident response, and more. We ensure that your policies are not only compliant but also practical and tailored to your business's specific needs.

Penetration Testing and Vulnerability Assessments

Regular testing is crucial to maintaining security integrity. We conduct annual penetration testing and bi-annual vulnerability assessments to identify and rectify potential security weaknesses before they can be exploited.

Audit Trail System Implementation

To ensure the integrity of sensitive data, we implement robust audit trail systems that maintain records of all transactions and data movements for at least five years. This helps in quick resolution of any discrepancies and aids in forensic investigations if required.

Access Privileges

Our team helps you set up and maintain user access controls, ensuring that only authorized personnel have access to sensitive information, based on their role within the organization. Regular reviews and adjustments are made to keep these privileges aligned with personnel changes and evolving business needs.

Third-Party Service Provider Management

We assist in evaluating and managing third-party service providers to ensure that they also comply with NY DFS cybersecurity requirements, safeguarding against potential data breaches originating from less secure partners.

Employee Training

Our comprehensive training programs educate your employees on cybersecurity best practices and the specific requirements of NY DFS, equipping them to effectively contribute to your organization’s cybersecurity defenses.

Incident Response Planning

We help develop and refine your incident response plan to ensure quick and efficient action in the event of a cybersecurity event. This includes clear procedures for response, recovery, documentation, and communication with NY DFS when required.

Notification and Reporting

Staying compliant also means adhering to reporting obligations. We help you set up processes for timely notification in the event of a cybersecurity incident, ensuring compliance with NY DFS's strict reporting timelines.

Partner with Us for Comprehensive NY DFS Cybersecurity Compliance

Navigating NY DFS cybersecurity requirements can be complex, but you don’t have to do it alone. Complete Works, Inc. is here to guide you every step of the way. Contact us today for a detailed consultation on how we can help your business achieve and maintain compliance, securing your operations and your clients' trust.

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