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What is NYDFS?

Making sure your organization is fully compliant with the correct NYDFS regulations is critical for your business success and cyber safety. The NYDFS Cybersecurity Regulation is a set of cybersecurity regulations from the NY Department of Financial Services (NYDFS) that places cybersecurity requirements on all covered financial institutions. Contact Solutionz Security today to begin your NYDFS compliance assessment. 

What is NYDFS?

What are the Advantages in complying with NYDFS?

  • Cybersecurity Maturity and protection from cyber threats
  • Preplanned Incident Response
  • Trained and Knowledgeable Users
  • Regulatory Compliance
  • Lower Risk of a Catastrophic Databreach
  • More Efficient Employees
  • Clear Policies and Procedures
  • Documented Security Technology Processes
  • More efficient data management

Our NYDFS Compliance Approach

Step 1:

Understand Your Security Posture

For every NYDFS client we take on, we begin with a full-scope security review to ascertain what you have, what you need, and where we need to help. This enables us to cost-effectively help you build out the technology and processes you need to be compliant while improving the efficiency of your business.

Understand Your Security Posture

STep 2:

implement security controls

In this step we begin filling in your security gaps with easy-to-use, high performance tools that not only help you comply but also help keep your organization safe. We aim to help you meet every applicable security control to make your NYDFS Audit a breeze.

implement security controls

STEP 3:

Documentation

Complying with State Cybersecurity Requirements is all about extensive documentation. We will document every applicable control to ensure you have the resources you need for your NYDFS audit.

Documentation

OUR PROCESS

Updates in Real Time

Updates in Real Time

Throughout the review, gap assessment, implementation, and documentation process we keep you updated in real time. Our world class experts make sure that you know where your security is at and where it's going every step of the way.

Extreme Experience

Extreme Experience

Our CISO's and security engineers have decades of experience building fully functional cybersecurity programs for some of the world's biggest companies and government agencies. You're in good hands.

Utilize your Existing Technology

Utilize your Existing Technology

Many security vendors try to sell you overpriced tools that you don't need. We work with your existing tech stack as much as possible to reduce waste and make NYDFS compliance cost-efficient.

Full Managed Solutions

Full Managed Solutions

If you are looking for a fully managed NYDFS compliance solution look no further. We will take you from initial assessment to audit, and continue to help you manage your cybersecurity program and NYDFS compliance on an ongoing basis.

Audit Support

Audit Support

We provide continuous support to all NYDFS compliance customers, even during their audit. We are happy to interact directly with your auditor and answer any outstanding questions they have regarding your cybersecurity program.

Full Docmentation

Full Docmentation

We provide a full suite of cybersecurity documentation for every client including a Risk Assessment, Remediation Strategy, Vulnerability Management Plan, and Cybersecurity Roadmap. Rest easy knowing that you'll have what you need.

FAQ

Most frequent questions and answers
WHAT IS NYDFS?

The NYDFS Cybersecurity Regulation (23 NYCRR 500) is a set of cybersecurity regulations from the NY Department of Financial Services (NYDFS) that places cybersecurity requirements on all covered financial institutions.

DO I NEED TO COMPLY WITH NYDFS?

All entities operating under or required to operate under DFS licensure, registration, or charter, or which are otherwise DFS-regulated, as well as, by extension, unregulated third-party service providers to regulated entities. This means if you are a State-chartered bank, Licensed lender, Private banker, Foreign bank licensed to operate in New York or a Mortgage company, Insurance company or Service provider, you may be required to comply with NYDFS Cybersecurity regulations.

WHAT OTHER COMPLIANCE SERVICES DO YOU OFFER?

We offer CMMC, HIPAA HITECH, NIST 171 assistance and other cybersecurity compliance services. 

HOW LONG DOES AN ASSESSMENT TAKE?

Each assessment and each client is unique. Engagement can take anywhere from 30 minutes to 4 hours for small businesses. Assessments may be longer depending on what services you need on what timeline and what budget you may have.

NYDFS compliance made easy

We make meeting your NYDFS compliance objectives a breeze. Contact us for a free NYDFS consultation.

Schedule a call