NYSDFS 23 CRR 500 PROPOSES NEW REGULATION REQUIREMENTS

NYSDFS CRR 500 NEW 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 […]

What is Black Basta Ransomware?

What is Black Basta Ransomware? July 5, 2022 Black Basta Ransomware In the recent months there has been a new threat in the ransomware and cyber security world.  A new group named Black Basta has emerged in strides, contributing to known attacks since April. Recently they were able to overtake a network by leveraging an […]

The Hidden Cost of a Data Breach Post COVID-19

The Hidden Cost of a Data Breach Post COVID-19 June 23, 2022 The Hidden Cost of a data-breach for companies who failed to update their cyber security post COVID-19 Companies that have not transformed their cybersecurity stance post COVID-19 to accommodate for remote workers & cloud data storage use, cost $750,000.00 more on average in […]

Preparing a Cybersecurity Program for an Audit

Preparing a Cybersecurity Program for an Audit June 21, 2022 Preparing a Cybersecurity Program for an audit In the financial industry, various regulatory rules are required by the Federal Financial Institutions Examination Council (FFIEC), New York State Department of Financial Services (NYSDFS), Financial Industry Regulatory Authority (FINRA) or U.S Securities and Exchange Commission (SEC) to […]