NYDFS Finalizes Amendments to Cybersecurity Regulations: Adapting to New Requirements for Financial Services Companies
On March 1, 2017 the Department of Financial Services (DFS) introduced a regulation, known as 23 NYCRR 500, establishing cybersecurity requirements for financial services companies. This regulation, enacted by the New York State Department of Financial Services, specifically Part 500 of Title 23 of the Official Compilation of Codes, Rules and Regulations of the State of New York (NYCRR) is commonly known as the "Cybersecurity Requirements for Financial Services Companies".