Lockpath for NYDFS Cybersecurity Compliance
Challenges complying with 23 NYCRR 500
New York financial services firms must comply with 23 NYCRR 500, a regulation from the NY Department of Financial Services (NYDFS) that places cybersecurity requirements on all covered NY financial institutions. NYCRR 500 is designed to protect consumers and institutions that do business in New York from increasingly sophisticated cybercriminals anxious to access sensitive customer information.
Cybercriminals are just one of the concerns of NY financial institutions. Another issue is meeting the compliance requirements for NYCRR 500.
Common challenges complying with NYCRR 500 include:
Benefits of using Lockpath
The Lockpath Platform streamlines process activities and helps cut compliance costs, all while facilitating information technology risk management. Lockpath also processes data from vulnerability and configuration scans to provide a holistic risk picture. Users have a single view of all system scans, so severe or critical findings can be addressed first.
With Lockpath, you can:
The Lockpath Difference
The Lockpath Platform serves as the core of an effective and integrated cybersecurity program that streamlines compliance with NYCRR 500. It lets users systematize best practices and manage risk processes to make them repeatable, resulting in speed, accuracy and less of a labor-intensive effort. Higher efficiency also comes from the platform’s ability to integrate data from vulnerability and configuration scans. Additionally, Lockpath allows you to leverage your existing cybersecurity and risk management frameworks to further simplify NYCRR 500 compliance efforts.
Cybercriminals won’t stop trying to steal your customer information. With Lockpath, you can fight back by streamlining compliance with NYCRR 500, as well as managing risk and vulnerabilities, incident response, remediation and more—all within the same platform.