Cybersecurity program and policy

Outcomes resting on this section

The rules below point to this section in their outcome. The verdict is a machine classification, not a judgment on an individual matter.

• nydfs-exempt

  A limited exemption applies, the core requirements remain

  23 NYCRR 500.19 exempts certain smaller entities from parts of the regulation. The exemption does not cover the program and policy in 500.2 and 500.3, the risk assessment in 500.9 or the notice in 500.17.

  risk, Requirement applies conditionally

• nydfs-program

  A documented program and an approved policy are absent

  23 NYCRR 500.2 requires a documented cybersecurity program based on the risk assessment, and 23 NYCRR 500.3 requires a written policy approved by the board or a senior officer.

  prohibited, Requirement applies

• nydfs-risk

  The risk assessment or the supplier policy is absent

  23 NYCRR 500.9 requires a current and documented risk assessment, and 23 NYCRR 500.11 requires a third party service provider policy with contractual requirements.

  risk, Requirement applies conditionally

• nydfs-base

  The regulation applies to the business

  23 NYCRR Part 500 applies to every entity licensed under New York banking, insurance or financial services law. The requirements cover the program, the responsible function, authentication and notice.

  risk, Requirement applies

Section nodes

• Chief Information Security Officer23 NYCRR 500.4
• Multi-factor authentication23 NYCRR 500.12
• Notice of a cybersecurity event23 NYCRR 500.17