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

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.
COVID-19: Latest Security News & Commentary
Dark Reading Staff 6/5/2020
How AI and Automation Can Help Bridge the Cybersecurity Talent Gap
Peter Barker, Chief Product Officer at ForgeRock,  6/1/2020
Cybersecurity Spending Hits 'Temporary Pause' Amid Pandemic
Kelly Jackson Higgins, Executive Editor at Dark Reading,  6/2/2020
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Write a Caption, Win a Starbucks Card! Click Here
Latest Comment: What? IT said I needed virus protection!
Current Issue
How Cybersecurity Incident Response Programs Work (and Why Some Don't)
This Tech Digest takes a look at the vital role cybersecurity incident response (IR) plays in managing cyber-risk within organizations. Download the Tech Digest today to find out how well-planned IR programs can detect intrusions, contain breaches, and help an organization restore normal operations.
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-2020-13890
PUBLISHED: 2020-06-06
The Neon theme 2.0 before 2020-06-03 for Bootstrap allows XSS via an Add Task Input operation in a dashboard.
CVE-2020-13889
PUBLISHED: 2020-06-06
showAlert() in the administration panel in Bludit 3.12.0 allows XSS.
CVE-2020-13881
PUBLISHED: 2020-06-06
In support.c in pam_tacplus 1.3.8 through 1.5.1, the TACACS+ shared secret gets logged via syslog if the DEBUG loglevel and journald are used.
CVE-2020-13883
PUBLISHED: 2020-06-06
In WSO2 API Manager 3.0.0 and earlier, WSO2 API Microgateway 2.2.0, and WSO2 IS as Key Manager 5.9.0 and earlier, Management Console allows XXE during addition or update of a Lifecycle.
CVE-2020-13871
PUBLISHED: 2020-06-06
SQLite 3.32.2 has a use-after-free in resetAccumulator in select.c because the parse tree rewrite for window functions is too late.