UpGuard Blog

UpGuard Capability: Demonstrating DFS 23 NYCRR 500 Compliance

UpGuard makes a cyber resilience platform designed for exactly the realities that necessitate regulations like New York State Department of Financial Services 23 NYCRR 500. On one hand, businesses need to store, processes, and maintain availability for growing stores of valuable data; on the other, the very conditions for market success open them to attacks from increasingly sophisticated and motivated attackers. Balancing these requirements makes a business resilient, and UpGuard provides the visibility, analysis, and automation needed to thrive while satisfying regulations like NYCRR 500.

 

Filed under: upguard, cyber risk, Regulations

New York Cybersecurity Regulations Explained (Updated)

Recently, New York’s Department of Financial Services and Gov. Andrew Cuomo released their long-awaited proposal for cybersecurity regulations regarding banking and financial services companies. The proposal, if implemented, would be the first mandatory state-level regulations on cybersecurity and promises to deliver sweeping protections to consumers and financial institutions alike. In Gov. Cuomo’s words: "This regulation helps guarantee the financial services industry upholds its obligation to protect consumers and ensure that its systems are sufficiently constructed to prevent cyberattacks to the fullest extent possible."

Filed under: compliance, government, NY, Regulations