What is the NYDFS Cybersecurity Regulation? (23 NYCRR 500) | UpGuard

This report is a practical compliance guide to New York’s 23 NYCRR 500 cybersecurity regulation for covered financial entities, detailing required program elements (CISO, risk assessments, penetration testing, audit trails, encryption, MFA, vendor management, incident response and 72-hour breach notification), phased implementation timelines, 2025 enhancements, minimal exemptions, and a checklist of controls and processes to meet third-party risk management obligations; it concludes with how a third-party risk platform can assist compliance.