23 NYCRR 500 And Potential Penalties For Failure to Meet the Regulation

23 NYCRR 500 And Potential Penalties For Failure to Meet the Regulation

•

The NYS DFS (New York State Department of Financial Services) announced 23 New York Code Rules and Regulations 500 (23 NYCRR 500), a cybersecurity parameter for all financial establishments conducting business in New York City.

•

23 NYCRR 500 is applicable to all organizations and individuals that are regulated by New York State Department of Financial Services, impacting any organization or individual that “operate under a license, charter, registration, permit, certificate, accreditation or identical consent under the New York insurance law, banking law, or the financial service law.”

What are the potential penalties for failure to meet 23 NYCRR 500 regulations?

•

Falling short to comprehend the widespread coverage of 23 NYCRR 500, alongside the accessible exclusions, timing and limits of the exclusions under the final law, could subject a covered entity to possible penalties.

•

CompCiti’s purpose driven solution and approach will aid you accomplish 23 NYCRR 500 compliance in a way that’s aligned with your mission and provide you the technical and operational infrastructure to maintain that compliance over time. Also, CompCiti can act as your CISO taking care of all the details to ensure compliance.

• Compciti Business Solutions Inc. • 261 West 35th Street, Suite 603 • New York, NY 10001 • Phone: (212) 594-4374 • Fax: (212) 594-6714 • https://compciti.com/contact/ Disclaimer: This content is created and provided by a third-party online content writer on behalf of CompCiti. CompCiti does not take any responsibility for the accuracy of this Content.