NYDFS 500 Cybersecurity Regulation Enforcement Actions: Causes and Consequences

The New York State Department of Financial Services (NYDFS) enacted its cybersecurity regulation, 23 NYCRR 500, in 2017. Since then, the department has issued numerous enforcement actions around 23 NYCRR 500 , with monetary penalties averaging several million dollars.

We performed an in-depth analysis of the consent orders published by NYDFS to understand the causes and consequences of these actions.

Join our experts 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.

Discussion topics include:

  • Common deficiencies that have led to enforcement actions
  • Apparent changes in the NYDFS enforcement strategy
  • Strategies to avoid or mitigate the impact of enforcement actions

Speakers:

John Jarrold, Senior Security & Risk Management Consultant
Richard Suls, Senior Security & Risk Management Consultant
Miguel Gutierrez, Host & Security Consultant

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