Frameworks

NYDFS 23 NYCRR 500 — Cybersecurity Regulation

New York's financial-services security regulation — annually certified, personally attested.

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New York's Department of Financial Services requires banks, insurers, and licensed financial companies to run a documented cybersecurity program — with an annual compliance certification signed by senior leadership. The 2023 amendments added tougher governance, MFA, and incident-reporting duties.

What makes it bite

Named CISO accountability, board-level reporting, 72-hour incident notification, and that annual certification — which makes compliance a personal statement by your leadership, not a filing. Covered entities must also assess and manage third-party provider risk, which pulls their vendors into scope by contract.

How Compriska helps

Compriska maintains the risk assessment the regulation is built around, evidences each Part 500 requirement, tracks vendor obligations, and produces the documentation trail that lets leadership sign the certification with a straight face.

Frequently asked questions

We're a vendor to a NYDFS-covered bank — does this hit us?

Indirectly but firmly: covered entities must impose security requirements on service providers, so their obligations arrive in your contracts and questionnaires.

Other frameworks

Automate NYDFS 500 with Compriska

See how cross-mapped controls, continuous evidence, and AI workflows change the cost of compliance.

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