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 500.8 - Application Security
Universal Citation: 23 NY Comp Codes Rules and Regs ยง 500.8
Current through Register Vol. 46, No. 39, September 25, 2024
(a) Each Covered Entity's cybersecurity program shall include written procedures, guidelines and standards designed to ensure the use of secure development practices for in-house developed applications utilized by the Covered Entity, and procedures for evaluating, assessing or testing the security of externally developed applications utilized by the Covered Entity within the context of the Covered Entity's technology environment.
(b) All such procedures, guidelines and standards shall be reviewed, assessed and updated as necessary by the CISO (or a qualified designee) of the covered entity at least annually.
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