NYDFS Cybersecurity Regulation & Compliance Solution

Need to get NYSDFS Part 500 compliant? Here’s how!

Save your team from months of research and thousands of dollars in consulting fees with RiskQ’s NYSDFS PART 500 compliance solution.

You will need to be able to demonstrate compliance and respond to New York State Department of Finance Services Regulatory requirements. With RiskQ, that’s easy thanks to our automated solutions and reporting.

Thousands of businesses choose RiskQ to save time, money, and effort.

Quick guide to NYSDFS Part 500

NYSDFS Part 500 is a set of cybersecurity requirements for financial services businesses operating in the state of New York.

NYSDFS Part 500 applies to banks, insurance companies, brokerage services, and other financial service organizations that do business in the state.

Get NYSDFS Part 500 compliant with RiskQ

Take confidence in your company’s next steps with RiskQ. Better understand your NYSDFS PART 500 requirements, and what’s needed to prove them.

RiskQ’s solution includes step-by-step guidance on how to get and remain NYSDFS PART 500 compliant, including over 100 cybersecurity controls and over 50 legal-vetted policies, and procedure templates. Save your team from re-inventing the wheel with RiskQ’s playbook for NYSDFS PART 500.

Identify the systems in scope for the security assessments, create your policies and procedures and save thousands with our solution.

You will receive step-by-step guidance on getting and remaining compliant with NYSDFS Part 500. This involves over 100 cybersecurity controls and over 50 policy and procedure templates that are all legal-vetted.

The RiskQ playbook will save you and your team hundreds of hours of time and ensure you don’t have to start from scratch. You can now simply identify the systems included in security assessments and create your policies and procedures in no time.

Our solution could save you thousands of dollars. Ready to begin?

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A Guide to the NYDFS Part 500 Cybersecurity Regulation

The financial sector is a favorite target for cybercriminals who love to ‘follow the money’. As an industry in the eye of the cybercrime storm, financial services have seen unprecedented attacks on its systems and data. Financial Institutions (FI) the world over feel the effects of cybercrime as the costs soar: a FACTI panel report into money laundering estimates of annual global losses are around $1.6 trillion per year across the sector. Read More

Save time by automating evidence collection

One way you will save significant amounts of time with RiskQ is by automating evidence collection.

RiskQ will connect with your tools and infrastructure to automate the process. It will connect to asset management, cloud storage services, and more to save hours of time demonstrating your security requirements and providing evidence.

What’s more, RiskQ will provide a gap assessment and prioritize security gaps, so you and your team know exactly what you need to tackle.

Continuous control monitoring enhances security

You will need to demonstrate your compliance with security requirements, and RiskQ makes it easy thanks to its continuous security monitoring.

There’s no need for point-in-time assessments with expensive consulting companies and no more high costs. Instead, you can enjoy continuous monitoring to ensure maximum security.

By continuously gathering data from your security tools, RiskQ ensures almost real-time monitoring. It checks for security events, including threats and vulnerabilities, or a lack of encryption, and can send alerts so you get instant updates when you need to take action.

Continous security monitoring for advanced cybersecurity- RiskQ

Save time with legal-vetted policies and procedures

We have a huge inventory of legal-vetted policy and procedure templates to make your life easy. These will help you to comply with NYSDFS Part 500 requirements when it comes to protecting data subject rights.

If there is a data breach or a complaint, you can quickly file with the supervisory authority and give access to regulators so they can review any evidence relating to their inquiries. And thanks to RiskQ’s data privacy officer partnership, you can quickly appoint an EU Representative.

Demonstrate compliance using RiskQ’s reports

It’s important to show your clients how compliant you are with NYSDFS Part 500, and our automated reports make it easy.

You can quickly grant access to secure reports so your customers and prospects can see them for themselves the extent of our security program, increasing trust and minimizing sales friction.

Peace of mind as your business grows

Now, you have a single source of truth for anything related to NYSDFS Part 500. As your business grows and scales, you can enjoy peace of mind knowing that RiskQ has got you covered when it comes to NYSDFS Part 500 compliance.

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