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NYDFS releases major update to Part 500 cybersecurity requirements for financial services companies

Data Protection Report

On November 1, 2023, the New York Department of Financial Services (“NYDFS”) released the finalized amendments of Part 500 of its cybersecurity regulations. The new rules provide more details on how the senior governing body of the covered entity is expected to exercise oversight of its cybersecurity risk management.

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NYDFS Amends Cybersecurity Rules for Financial Services Companies

Hunton Privacy

On November 9, 2022, the New York Department of Financial Services (NYDFS) released its second, proposed amendments to the Part 500 Cybersecurity Rule. Covered Entities must have a monitoring process that ensures prompt notification of any new security vulnerabilities. Cybersecurity Governance.

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Security Affairs newsletter Round 450 by Pierluigi Paganini – INTERNATIONAL EDITION

Security Affairs

Every week the best security articles from Security Affairs are free for you in your email box. A new round of the weekly SecurityAffairs newsletter arrived! Enjoy a new round of the weekly SecurityAffairs newsletter, including the international press.

Security 108
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Proposed Amendments to NY Financial Services Cybersecurity Regulations Impose New Obligations on Large Entities, Boards of Directors and CISOs

Hunton Privacy

On July 29, 2022, the New York Department of Financial Services (“NYDFS”) posted proposed amendments (“Proposed Amendments”) to its Cybersecurity Requirements for Financial Services Companies (“Cybersecurity Regulations”). As part of the “training and monitoring” requirements under Section 500.14 Additional Requirements.

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Why you should keep data observability separate from data cleansing

Collibra

As a principal for data quality, I enjoy taking time to work with our customer base. These organizations demonstrate perspectives and prioritization that show great promise in the industry of data. . For financial services, data governance found its roots in risk. Cyber Security.

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Rock the Blockchain: Thales and DigiCert Secure the Data

Thales Cloud Protection & Licensing

Rock the Blockchain: Thales and DigiCert Secure the Data. It’s a staggering statistic, but 39% of companies are still not using robust data security measures. billion data records were breached, quadrupling in 2020 to 36 billion globally. With risks so high, what is the hold up on implementing security?

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NYDFS Issues Ransomware Guidance Outlining Expected Security Controls

Hunton Privacy

On June 30, 2021, the New York State Department of Financial Services (“NYDFS,” the “Department”) issued guidance to all New York state regulated entities on ransomware (the “Guidance”), identifying controls it expects regulated companies to implement whenever possible.