Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

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
 

Recommended Reading:

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.
News
US Formally Attributes SolarWinds Attack to Russian Intelligence Agency
Jai Vijayan, Contributing Writer,  4/15/2021
News
Dependency Problems Increase for Open Source Components
Robert Lemos, Contributing Writer,  4/14/2021
News
FBI Operation Remotely Removes Web Shells From Exchange Servers
Kelly Sheridan, Staff Editor, Dark Reading,  4/14/2021
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
2021 Top Enterprise IT Trends
We've identified the key trends that are poised to impact the IT landscape in 2021. Find out why they're important and how they will affect you today!
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-2020-7856
PUBLISHED: 2021-04-20
A vulnerability of Helpcom could allow an unauthenticated attacker to execute arbitrary command. This vulnerability exists due to insufficient authentication validation.
CVE-2021-28793
PUBLISHED: 2021-04-20
vscode-restructuredtext before 146.0.0 contains an incorrect access control vulnerability, where a crafted project folder could execute arbitrary binaries via crafted workspace configuration.
CVE-2021-25679
PUBLISHED: 2021-04-20
** UNSUPPORTED WHEN ASSIGNED ** The AdTran Personal Phone Manager software is vulnerable to an authenticated stored cross-site scripting (XSS) issues. These issues impact at minimum versions 10.8.1 and below but potentially impact later versions as well since they have not previously been disclosed....
CVE-2021-25680
PUBLISHED: 2021-04-20
** UNSUPPORTED WHEN ASSIGNED ** The AdTran Personal Phone Manager software is vulnerable to multiple reflected cross-site scripting (XSS) issues. These issues impact at minimum versions 10.8.1 and below but potentially impact later versions as well since they have not previously been disclosed. Only...
CVE-2021-25681
PUBLISHED: 2021-04-20
** UNSUPPORTED WHEN ASSIGNED ** AdTran Personal Phone Manager 10.8.1 software is vulnerable to an issue that allows for exfiltration of data over DNS. This could allow for exposed AdTran Personal Phone Manager web servers to be used as DNS redirectors to tunnel arbitrary data over DNS. NOTE: The aff...