Discover NY DFS Regulation
The New York Department of Financial Services (NY DFS) is the state agency responsible for regulating financial services and products, enforcing cybersecurity regulations, and protecting consumers and markets in New York.
Understanding NY DFS
The New York Department of Financial Services (DFS) Cybersecurity Regulation is a set of rules that aims to protect consumers and the financial services industry from cyber threats. Implemented in March 2017, the regulation requires financial institutions regulated by the DFS, including banks, insurance companies, and other financial services institutions, to establish and maintain a cybersecurity program designed to protect consumers' private data and ensure the security and confidentiality of their information. The regulation includes requirements for conducting regular risk assessments, implementing multi-factor authentication, encrypting sensitive data, and establishing an incident response plan. It also requires regulated entities to report cybersecurity events to the DFS and maintain certain cybersecurity policies and procedures.
Exterro's Solutions
While the road to compliance might be challenging, solutions like Exterro Data Discovery and Data Retention can support companies to effectively navigate these obligations and build a robust cybersecurity infrastructure.
Resources for Law Firms
Utilize our free resources below to see how Exterro can help you become compliant in many of the global regulations.
Blog
NY DFS Cybersecurity Regulations: What You Need to Know
Check out this blog post for a quick overview of the requirements of the amendments to the NY Department of Financial Services Cybersecurity Regulation.
White Papers
5 Trends to Watch Planning for the Future of GDPR
On-Demand Webcast
What have we learned about data retention since GDPR?
“This system reduces the burden of the staff in the FOIA Request Service Center during the collection, review and preparation of documents and materials in response to FOIA requests.”
