Webinars – NYDFS Cybersecurity Regulation

Top 5 challenges to maintain compliance with the 2023 NYS DFS amendment

On November 1, 2023, the New York State Department of Financial Services adopted a second amendment to their Cybersecurity Regulation. This action will significantly raise the bar for financial institutions to maintain compliance. In this event, we share lessons learned from our own experience and from helping clients meet these security challenges.

NYDFS 500: Simplifying the Second Amendment

The New York State Department of Financial Services (NYDFS) cyber security regulation enacted in 2017 has resulted in numerous enforcement actions and monetary penalties averaging several million dollars. Amendments to the regulation have presented financial institutions operating in New York with even greater challenges in maintaining their compliance.

The Second Amendment to the Regulation added even more stringent requirements, intended to address common cyber weaknesses that they have identified since 2017.

During this webinar, Reversec (formerly WithSecure Consulting) will review and summarize the key changes to the Second Amendment, offering recommendations and advice on how organizations can ensure they remain compliant.

NYDFS 500 Cybersecurity Regulation Enforcement Actions: Causes and Consequences

Since enacting its cyber security regulation in 2017, The New York State Department of Financial Services (NYDFS) has issued numerous enforcement actions, with monetary penalties averaging several million dollars.

Reversec (formerly WithSecure Consulting) performed an in-depth analysis of the consent orders published by NYDFS to understand the causes and consequences of these actions.

Join Reversec Consultants John Jarrold, Richard Suls and Miguel Gutierrez as they discuss their findings and provide insights to help your organization minimize the risk of NYDFS enforcement actions.

Navigating NYDFS 500: Q&A and live clinic demo with our cyber security experts

The New York State Department of Financial Services (NYDFS) Cybersecurity Regulation has presented financial intuitions operating in New York with even greater challenges in maintaining their compliance. Since it was enacted in 2017, NYDFS has issued numerous enforcement action and monetary penalties.

In earlier webinars we have discussed the requirements of the NYDFS’ Second Amendment and looked at the regulatory enforcement actions that have already been issued. For this edition, we invite you to send us any further questions you might have on the Regulation, and to join us as we demo our new NYDFS Cyber Security Clinic.

Our expert consultants – John Jarrold, Richard Suls and Miguel Gutierrez – will take one section of the Regulation and apply it to an anonymized company to show how we can help ensure your organization remains compliant and avoid enforcement actions.

Navigating regulatory waters: Cost effective risk assessments for financial services

Multiple regulatory frameworks require a risk assessment – NYDFS, FedLine and FedRAMP to name a few – but that doesn’t necessarily mean you need a full ISO/IEC 27005. Join us for our latest webinar as we break down and detail what you really need for a cost-effective and compliant risk assessment.

In this session, our experts – Miguel Gutierrez and Richards Suls – will share their insights on recent framework developments and break down a risk assessment exercise for a financial services company using Reversec’s methodology.

Shared requirements of ISO 27001, NIS2, DORA, and NYDFS

This webinar explores the overlapping requirements across ISO 27001, NIS2, DORA, and NYDFS They all share core compliance principles, so one solid approach will help you meet multiple requirements.