FINANCIAL GROUP FINED $4.25 MILLION FOR NYSDFS CYBERSECURITY CONTROL FAILURES
FINANCIAL GROUP FINED $4.25 MILLION FOR NYSDFS CYBERSECURITY CONTROL FAILURES September 1, 2023 NYSDFS Announces $4,250,000.00 Penalty for Cybersecurity Control Failures On May 25th, 2023 NYSDFS published a press release which announced OneMain Financial Group, LLC failed to “effectively manage third-party service provider risk, manage access privileges, and maintain a formal application security development methodology, […]
NYSDFS 23 CRR 500 PROPOSES NEW REGULATION REQUIREMENTS
NYSDFS 23 CRR 500 PROPOSES NEW REGULATION REQUIREMENTS September 9, 2022 What is NYSDFS 23 CRR 500? New York State Department of Financial Services created the 23 NYCRR Part 500 a cybersecurity regulation on March 1st, 2017. This regulation applies to organizations and agencies in the financial service industry. Entities such as Mortgage banks, Insurance […]
Do I need to Comply with NYDFS Cybersecurity for my Cryptocurrency Company?
Do I need to Comply with NYDFS Cybersecurity for my Cryptocurrency Company? August 31, 2022 Am I required to comply with NYSDFS’s cyber requirements as a cryptocurrency company? New York State Department of Financial Services made the 23 NYCRR Part 500 a cybersecurity requirement on March 1st, 2017. This regulation applies to organizations and agencies […]
