Risk //

Compliance

2/14/2018
05:30 PM
50%
50%

Filing Deadline for New Infosec Law Hits NY Finance Firms Thursday

Banks and financial services companies in New York must file by tomorrow to certify they are compliant with the state Department of Financial Services' new cybersecurity regulation, 23 NYCRR 500.

Banks, insurers, and other financial services organizations in New York state have until tomorrow to file for their first annual certification of compliance with 23 NYCRR 500, the New York State Department of Financial Services' historic cybersecurity regulation.

The law officially went into effect March 2017; covered entities must be in compliance with the bulk of the regulation by March 1. This includes sections 500.04(b), 500.05, 500.09, 500.12, and 500.14(b) of the law, which mandate risk assessments, vulnerability assessments, penetration testing, multi-factor authentication, and end-user awareness training. 

Enforcement for the law's security incident reporting rule went into effect in August, requiring companies to report within 72 hours any event that has a "reasonable likelihood" of causing material harm to normal operations - a unique notification rule that goes beyond PII breaches to cover anything from intellectual property leaks to DDoSes.

The next compliance deadline - on rules for data use, data access, security personnel, and more - hits Sep. 18.  

For more information, see here

Dark Reading's Quick Hits delivers a brief synopsis and summary of the significance of breaking news events. For more information from the original source of the news item, please follow the link provided in this article. View Full Bio

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
CustomEssay
50%
50%
CustomEssay,
User Rank: Apprentice
3/12/2018 | 5:21:32 AM
Re: Given the state of security
Good work
CustomEssay
50%
50%
CustomEssay,
User Rank: Apprentice
3/12/2018 | 5:21:11 AM
Re: Given the state of security
Really useful blog
REISEN1955
50%
50%
REISEN1955,
User Rank: Ninja
2/15/2018 | 7:57:46 AM
Given the state of security
I would be surprised if a fraction of financial institutions are in compliance.  Down here in Georgia we have the collapse of Equifax as a prime example of game gone bad.   I work for a firm that DOES have a malware forensics department and a damn good one it is too.  Quite rare.  So - NYState?   Given the total mess that Albany is, I see nothing really changing at all - only getting worse.
Microsoft, Mastercard Aim to Change Identity Management
Kelly Sheridan, Staff Editor, Dark Reading,  12/3/2018
Windows 10 Security Questions Prove Easy for Attackers to Exploit
Kelly Sheridan, Staff Editor, Dark Reading,  12/5/2018
Starwood Breach Reaction Focuses on 4-Year Dwell
Curtis Franklin Jr., Senior Editor at Dark Reading,  12/5/2018
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Write a Caption, Win a Starbucks Card! Click Here
Latest Comment: I guess this answers the question: who's watching the watchers?
Current Issue
10 Best Practices That Could Reshape Your IT Security Department
This Dark Reading Tech Digest, explores ten best practices that could reshape IT security departments.
Flash Poll
New Best Practices for Secure App Development
New Best Practices for Secure App Development
The transition from DevOps to SecDevOps is combining with the move toward cloud computing to create new challenges - and new opportunities - for the information security team. Download this report, to learn about the new best practices for secure application development.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2018-19980
PUBLISHED: 2018-12-08
Anker Nebula Capsule Pro NBUI_M1_V2.1.9 devices allow attackers to cause a denial of service (reboot of the underlying Android 7.1.2 operating system) via a crafted application that sends data to WifiService.
CVE-2018-19961
PUBLISHED: 2018-12-08
An issue was discovered in Xen through 4.11.x on AMD x86 platforms, possibly allowing guest OS users to gain host OS privileges because TLB flushes do not always occur after IOMMU mapping changes.
CVE-2018-19962
PUBLISHED: 2018-12-08
An issue was discovered in Xen through 4.11.x on AMD x86 platforms, possibly allowing guest OS users to gain host OS privileges because small IOMMU mappings are unsafely combined into larger ones.
CVE-2018-19963
PUBLISHED: 2018-12-08
An issue was discovered in Xen 4.11 allowing HVM guest OS users to cause a denial of service (host OS crash) or possibly gain host OS privileges because x86 IOREQ server resource accounting (for external emulators) was mishandled.
CVE-2018-19964
PUBLISHED: 2018-12-08
An issue was discovered in Xen 4.11.x allowing x86 guest OS users to cause a denial of service (host OS hang) because the p2m lock remains unavailable indefinitely in certain error conditions.