Decoding NYDFS Part 500: Meeting the Challenges of New York’s Cybersecurity Regulations | Protiviti - United States

Decoding NYDFS Part 500: Meeting the Challenges of New York’s Cybersecurity Regulations

Decoding NYDFS Part500 Protiviti

Decoding NYDFS Part 500: Meeting the Challenges of New York’s Cybersecurity Regulations

The New York Department of Financial Services’ (NYDFS) Part 500, Cybersecurity Requirements for Financial Services Companies, went into effect on March 1, 2017. When the guidelines were first proposed, New York Governor Andrew Cuomo said that they were designed to “help guarantee the financial services industry upholds its obligation to protect consumers and ensure that its systems are sufficiently constructed to prevent cyber attacks to the fullest extent possible.”

In this paper, three Protiviti experts — managing director, Adam Hamm, former president of the National Association of Insurance Commissioners (NAIC) and former chairman of its Cybersecurity Task Force; managing director Cal Slemp, who leads the security and privacy solutions consulting business globally; and Andrew Retrum, managing director in the financial services industry technology consulting practice — provide some practical guidance on how firms can approach each of these areas to ensure compliance.

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Adam Hamm
Adam Hamm
Managing Director
+1.312.476.6334
Linked
Cal Slemp
Managing Director
+1.203.905.2926
Linked