The New York Department of Financial Services’ (NYS DFS) finalized cybersecurity regulations went into effect March 1, 2017. While many of the rules are similar to existing frameworks, there are many changes financial services institutions should prepare for.
"Less than 15 percent of financial services organizations have a well-established vendor risk management program within their institution."
This webinar provides an overview of the finalized law, the different transition periods and an in-depth discussion of the two year transition item, 500.11 Third Party Service Provider security Policy, which covers a close look at implementing a successful vendor risk management program.
Baker Tilly’s cybersecurity specialists have also prepared an easy-to-read cheat sheet outlining the final NYS DFS provisions with their respective transition periods, making it easier for you to understand when you need to comply.
14.8 percent of respondents answered “No formal process established” to a poll question during The finalized NYS DFS cybersecurity regulations: The two year transition webinar on June 21, 2017.