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 500.15 - Encryption of Nonpublic Information
Current through Register Vol. 46, No. 12, March 20, 2024
(a) As part of its cybersecurity program, each covered entity shall implement a written policy requiring encryption that meets industry standards , to protect nonpublic information held or transmitted by the covered entity both in transit over external networks and at rest.
(b) To the extent a covered entity determines that encryption of nonpublic information at rest is infeasible, the covered entity may instead secure such nonpublic information using effective alternative compensating controls that have been reviewed and approved by the covered entity's CISO in writing . The feasibility of encryption and effectiveness of the compensating controls shall be reviewed by the CISO at least annually.
