New York Codes, Rules and Regulations
Title 23 - FINANCIAL SERVICES
Chapter I - Regulations of the Superintendent of Financial Services
Part 500 - CYBERSECURITY REQUIREMENTS FOR FINANCIAL SERVICES COMPANIES
Section 500.14 - Monitoring and training
Universal Citation: 23 NY Comp Codes Rules and Regs ยง 500.14
Current through Register Vol. 46, No. 39, September 25, 2024
(a) As part of its cybersecurity program, each covered entity shall:
(1) implement risk-based policies, procedures
and controls designed to monitor the activity of authorized users and detect
unauthorized access or use of, or tampering with, nonpublic information by such
authorized users;
(2) implement
risk-based controls designed to protect against malicious code, including those
that monitor and filter web traffic and electronic mail to block malicious
content; and
(3) provide periodic,
but at a minimum annual, cybersecurity awareness training that includes social
engineering for all personnel that is updated to reflect risks identified by
the covered entity in its risk assessment.
(b) Each class A company shall implement, unless the CISO has approved in writing the use of reasonably equivalent or more secure compensating controls:
(1) an
endpoint detection and response solution to monitor anomalous activity,
including but not limited to lateral movement; and
(2) a solution that centralizes logging and
security event alerting.
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