Fasoo sponsored a Ponemon Institute survey to determine the readiness of financial firms doing business in New York State to comply with the new cybersecurity regulation NYDFS 23 NYCRR 500 that went into effect on March 1, 2017. The regulation includes deadlines to implement procedures and solutions to achieve compliance with the new standards. Since New York is one of the world’s financial capitals, the state wants to ensure that organizations that operate under the banking, insurance or financial services regulations provide a secure information sharing environment to protect companies and their customers.
“The survey is aptly titled “Countdown to Compliance,” said Dr. Larry Ponemon. “Our goal is to provide insight into the challenges these organizations face in complying with the demanding new requirements which apply to all ‘nonpublic information’ – at rest, in-transit and shared with third parties. The survey will provide insight into their efforts to comply over the next 180 to 365 days.”