Being in the Financial Services industry, you must be already aware of the news about the proposed cyber security regulations by the New York Department of Financial Services (NYDFS).
In this article, we have tried to simplify the regulations by representing the 23 sections in the form of an infographic.
Even though these regulations would be enforced only on those financial services companies coming under the scope of NYDFS, given that New York is seen as the financial capital of the world, companies outside NY also see this as a global benchmark.
This is PART 2 of the 2 part series.
In-case you missed the PART-1. Click here
In addition, in order to help you interpret the regulations in the context of your organization and also to plan the next steps, we have put together a self-assessment tool made available for free download. It also helps map it with ISO27001:2013 and NIST 800-53.
The tool has been built based on our extensive experience in information risk management, gained by working with many customers in the US Financial Services Industry.