{"id":1405,"date":"2017-09-27T14:29:42","date_gmt":"2017-09-27T19:29:42","guid":{"rendered":"http:\/\/blogs.iit.edu\/itm_loopback\/?p=1405"},"modified":"2020-01-27T11:27:47","modified_gmt":"2020-01-27T16:27:47","slug":"new-new-york-regulations-will-drive-cybersecurity-advances","status":"publish","type":"post","link":"https:\/\/blogs.iit.edu\/itm_loopback\/2017\/09\/27\/new-new-york-regulations-will-drive-cybersecurity-advances\/","title":{"rendered":"New New York regulations will drive cybersecurity advances"},"content":{"rendered":"<p><strong><a href=\"https:\/\/blogs.iit.edu\/itm_loopback\/files\/2017\/09\/NYDFS.png\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-1408 alignright\" src=\"https:\/\/blogs.iit.edu\/itm_loopback\/files\/2017\/09\/NYDFS-300x233.png\" alt=\"\" width=\"158\" height=\"123\" srcset=\"https:\/\/blogs.iit.edu\/itm_loopback\/files\/2017\/09\/NYDFS-300x233.png 300w, https:\/\/blogs.iit.edu\/itm_loopback\/files\/2017\/09\/NYDFS.png 711w\" sizes=\"auto, (max-width: 158px) 100vw, 158px\" \/><\/a>New regulations on cybersecurity <\/strong>have been published by the New York State Department of Financial Services. 23 NYCRR Part 500 will have a major impact on American business as it has serious requirements and mandates for all financial services companies doing business in New York state&#8211;which of course are almost all of them. A good article on the topic is is at <a href=\"https:\/\/digitalguardian.com\/blog\/what-nydfs-cybersecurity-regulation-new-cybersecurity-compliance-requirement-financial\">https:\/\/digitalguardian.com\/blog\/what-nydfs-cybersecurity-regulation-new-cybersecurity-compliance-requirement-financial<\/a>.\u00a0Significant requirements include:<\/p>\n<ul style=\"margin-top: 0px\">\n<li><em>Policy &amp; Program:<\/em> Covered entities must instate and maintain a documented cybersecurity policy, and adopt a robust cybersecurity program, by August 28, 2017.<\/li>\n<li><em>CISO:<\/em> Designate a qualified Chief Information Security Officer (CISO) to oversee and implement the cybersecurity program and enforce policy.\n<ul style=\"margin-top: 0px;margin-bottom: 0px\">\n<li>The CISO must submit a written report annually to the Board of Directors and an annual compliance certification to the Department of Financial Services.<\/li>\n<\/ul>\n<\/li>\n<li style=\"margin-top: 0px\"><em>Data encryption:<\/em> Organizations must enact controls, including encryption of sensitive data, depending on the outcome of a risk assessment.<\/li>\n<li><em>Continuous monitoring:<\/em> Covered entities must continuously monitor cybersecurity functionality OR conduct annual penetration testing and bi-annual assessments.<\/li>\n<li><em>Enhanced multi-factor authentication:<\/em> Covered institutions must employ multi-factor authentication for all inbound connections to the entity&#8217;s network.<\/li>\n<li><em>Incident reporting:<\/em> Covered entities must document and report all cybersecurity events.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>New regulations on cybersecurity have been published by the New York State Department of Financial Services. 23 NYCRR Part 500 will have a major impact on American business as it has serious requirements and mandates for all financial services companies doing business in New York state&#8211;which of course are almost all of them. A good [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3869],"tags":[10220,3916,3898],"class_list":["post-1405","post","type-post","status-publish","format-standard","hentry","category-security","tag-compliance","tag-cyber-security","tag-security-2"],"_links":{"self":[{"href":"https:\/\/blogs.iit.edu\/itm_loopback\/wp-json\/wp\/v2\/posts\/1405","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.iit.edu\/itm_loopback\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.iit.edu\/itm_loopback\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.iit.edu\/itm_loopback\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.iit.edu\/itm_loopback\/wp-json\/wp\/v2\/comments?post=1405"}],"version-history":[{"count":8,"href":"https:\/\/blogs.iit.edu\/itm_loopback\/wp-json\/wp\/v2\/posts\/1405\/revisions"}],"predecessor-version":[{"id":1592,"href":"https:\/\/blogs.iit.edu\/itm_loopback\/wp-json\/wp\/v2\/posts\/1405\/revisions\/1592"}],"wp:attachment":[{"href":"https:\/\/blogs.iit.edu\/itm_loopback\/wp-json\/wp\/v2\/media?parent=1405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.iit.edu\/itm_loopback\/wp-json\/wp\/v2\/categories?post=1405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.iit.edu\/itm_loopback\/wp-json\/wp\/v2\/tags?post=1405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}