NY DFS Cybersecurity Regulation

23 NYCRR 500 Compliance Made Simple

Buffalo Sentinel helps insurance agencies, financial services firms, and regulated entities achieve and maintain NY DFS cybersecurity compliance.

Get DFS CompliantInteractive Checklist

NY DFS Compliance Checklist

First, let's determine your exemption status to show which requirements apply to your organization.

Do you qualify for an exemption?

Critical Compliance Deadlines

Buffalo Sentinel tracks these dates on your compliance calendar so nothing slips.

Annual Certification or Acknowledgment

Critical

File either a certification of material compliance or an acknowledgment of noncompliance for the prior calendar year, signed by your highest-ranking executive and your CISO (500.17(b)).

April 15 (Annually)

Incident Notification

Critical

Notify DFS within 72 hours after determining that a cybersecurity incident occurred, then keep DFS updated with material changes or new information (500.17(a)).

Within 72 hours of determination

Extortion Payment Notice

Critical

If you make an extortion payment, notify DFS within 24 hours and send a written explanation of why payment was necessary, the alternatives and diligence considered, and sanctions checks within 30 days (500.17(c)).

24 hours / 30 days

Notice of Exemption

If you qualify for an exemption under 500.19, file a Notice of Exemption with DFS within 30 days of determining that you are exempt (500.19(f)).

Within 30 days of determination

CISO Report

Your CISO reports in writing to the senior governing body at least annually on the cybersecurity program (500.4(b)).

Annually

Penetration Testing

Complete penetration testing of information systems from inside and outside your system boundaries at least annually.

Annually

Vulnerability Scanning

Run automated vulnerability scans (plus manual review of systems scans miss) as often as your risk assessment requires, and after material system changes.

Risk-based

Risk Assessment

Review and update your risk assessment at least annually, and whenever a change materially affects your cyber risk.

Annually

How Buffalo Sentinel Helps You Comply

Policy Templates

41 policy templates with merge fields and an approval workflow. Customize, approve, and export to PDF.

Compliance Dashboard

Real-time visibility into your compliance posture with gap analysis.

Deadline Tracking

Track the April 15 certification or acknowledgment, both signatures, and your other DFS deadlines on one calendar.

Phishing Simulator

Test employees with 26 realistic phishing templates. Track who clicks and send them to an education page.

Security Training

36 text and scenario-based courses with quizzes and completion tracking for the annual awareness training in 500.14(a)(3).

Evidence Collection

Evidence is collected automatically and mapped to NY DFS sections. Export an evidence package for your examiner.

Ready to Get DFS Compliant?

Request a demo and take the first step toward DFS compliance confidence.

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