NYDFS Cybersecurity Regulation (23 NYCRR 500)
New York State Department of Financial Services rules forcing strict cybersecurity postures for all covered financial institutions to combat the growing threat posed by cyber-criminals.
Global Scope & Applicability
Any person operating under a license, registration, charter, or similar authorization under the NY Banking, Insurance, or Financial Services Laws.
Core Principles & Obligations
- 1
Maintain a Cybersecurity Program
- 2
Designate a CISO
- 3
Conduct Penetration Testing
- 4
Implement Multi-Factor Authentication (MFA)
- 5
Notify Superintendent of Cybersecurity Events
Technical Implementation Examples
Automated detection of unencrypted AWS S3 buckets violating NYDFS Cybersecurity Regulation (23 NYCRR 500) policies.
Real-time interception of unauthorized IAM role escalation attempts.
Continuous audit logging and Zero-Knowledge Proof attestation of compliant clusters.
Non-Compliance Penalties
Financial Fines
Millions of dollars in fines per incident (historically seen fines ranging from $1.5M to $150M).
Legal Liability
Revocation of the charter or license necessary to do business in the financial capital of the US.
Master North America Compliance with EchelonGraph
We are building the ultimate continuous compliance platform. Our upcoming AI agents will automatically map your cloud footprints against these precise NYDFS Cybersecurity Regulation (23 NYCRR 500) legal controls, alerting you to architectural drift before auditors do.