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
A Startup With NSA Roots Wants Silently Disarming Cyberattacks on the Wire to Become the Norm
Kelly Jackson Higgins, Executive Editor at Dark Reading,  5/11/2021
Edge-DRsplash-10-edge-articles
Cybersecurity: What Is Truly Essential?
Joshua Goldfarb, Director of Product Management at F5,  5/12/2021
Commentary
3 Cybersecurity Myths to Bust
Etay Maor, Sr. Director Security Strategy at Cato Networks,  5/11/2021
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Write a Caption, Win an Amazon Gift Card! Click Here
Latest Comment: Google Maps is taking "interactive" to a whole new level!
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-2020-18194
PUBLISHED: 2021-05-17
Cross Site Scripting (XSS) in emlog v6.0.0 allows remote attackers to execute arbitrary code by adding a crafted script as a link to a new blog post.
CVE-2020-18195
PUBLISHED: 2021-05-17
Cross Site Request Forgery (CSRF) in Pluck CMS v4.7.9 allows remote attackers to execute arbitrary code and delete a specific article via the component " /admin.php?action=page."
CVE-2020-18198
PUBLISHED: 2021-05-17
Cross Site Request Forgery (CSRF) in Pluck CMS v4.7.9 allows remote attackers to execute arbitrary code and delete specific images via the component " /admin.php?action=images."
CVE-2020-21831
PUBLISHED: 2021-05-17
A heap based buffer overflow vulnerability exists in GNU LibreDWG 0.10 via read_2004_section_handles ../../src/decode.c:2637.
CVE-2020-21842
PUBLISHED: 2021-05-17
A heap based buffer overflow vulnerability exists in GNU LibreDWG 0.10 via read_2004_section_revhistory ../../src/decode.c:3051.