Audit and Controls

A Simple Formula

NY DFS Self-Assessment

What is New York Cybersecurity Regulation?  The Department of Financial Services (DFS), ensures providers of financial products and services to NY consumers remain solvent, protect consumers, and act reasonably to protect against financial fraud, criminal abuse, and unethical conduct.

Do I have to worry about this?  Covered entities include but are not limited to, Banks, Lenders, Insurance Companies. To see if your classification of business is affected, click here

What do I have to do?  Companies that are supervised by New York’s Department of Financial Services, and not specifically excluded from the in-effect regulation, must appoint a qualified Chief Information Security Office (CISO), who will be accountable for the overall implementation, effectiveness, and enforcement of the Cybersecurity Program.

Where do I start? Well, knowledge is power! We have created a self-assessment tool to help you get gauge of your security posture. This tool will help you to better plan your resource, time and budget requirements to become DFS compliant!

Cybersecurity Assessments

Assessment will identify areas that are potentially at risk for audit failure and can be based
on a variety of target cybersecurity framework – and SPHERE can assess your
current state and build a road map for your future state.
In addition to ensuring you are compliant, a cybersecurity assessment
is designed to help you be more proactive in today’s threat landscape.
Check out our video where we discuss Ransomware: Strategies for Survival

Would you like to talk to an expert?