The NYDFS is a set of rules issued by the New York Department of Financial Services that impose cybersecurity demands on all financial firms. The initiative behind the regulation is to protect the financial services industry and its customers from the growing threat of malicious actors and cyberattacks.
NYDFS applies to all entities operating under DFS licensure, registry and charter, in addition to their third-party distributors and providers.
The Centraleyes platform delivers streamlined, automated data collection and analysis, prioritized remediation guidance, and real-time customized scoring to meet the NYDFS requirements.
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This regulation establishes a basic framework for organizations to develop comprehensive cybersecurity programs tailored to their business models and risks. The framework is divided into 23 sections that address the requirements for developing and implementing a strong cybersecurity program.
Noncompliance with this regulation can result in legal costs and settlements, in addition to the risk of losing customers, incurring fraud losses and harming brand reputation.
Centraleyes delivers an integrated NYDFS questionnaire, automated data collection and analysis, prioritized remediation guidance, and real-time customized scoring to meet the NYDFS requirements.
The Centraleyes platform also collects all security information and automates reports to assist organizations in meeting NYDFS requirements, resulting in time savings, money savings and more accurate data.
Learn more: https://www.centraleyes.com/nydfs/