FRSecureEdina, Minnesota, USA
- What they do
- Compliance consulting
- Who they help
- Its website offers consulting for NYDFS 23 NYCRR 500, SOC 2, HIPAA, PCI DSS, CMMC and more.
- Standards
- Pricing
- Not published
NY DFS 23 NYCRR 500
23 NYCRR Part 500 is the New York Department of Financial Services cybersecurity regulation for entities it licenses or charters: banks, insurers, mortgage companies, money transmitters, virtual currency businesses and others.
First effective in 2017, it was substantially amended in November 2023 (the Second Amendment) with obligations phased in through November 1, 2025, when universal multifactor authentication and written asset inventory procedures became mandatory.
Larger Class A companies (at least $20 million in New York revenue plus either 2,000 employees or $1 billion in global revenue) must also run independent audits of their program, privileged access management and endpoint detection.
The regulation is explicit about what must be in writing: a cybersecurity policy approved by the senior governing body, a cybersecurity program based on a documented risk assessment, a designated CISO who reports in writing to the board at least annually, incident response and business continuity plans, third-party service provider policies, access privilege and asset inventory procedures, and records retained for five years.
Covered entities notify DFS within 72 hours of a cybersecurity incident and within 24 hours of any ransomware payment, and file an annual certification of material compliance (or acknowledgment of noncompliance with a remediation plan) by April 15, signed by the CEO or highest ranking executive and the CISO.
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Policy Acknowledgment Proof
AcknowledgedCyber policy 2026by name, on record
Section 500.3 Handledwith AllyMatter
Certify to DFS the Modern WayEvery Part 500 policy, approved by a senior officer and acknowledged
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Approve it, lock the version
Non-author approval, obsolete copies blocked
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Every employee on record
Who read which version, and when
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File the April certification with the trail
From $29/mo, 20 editors, unlimited staff (published)
Who has to comply
Any person or entity operating under a license, registration, charter, certificate, permit or similar authorization under New York Banking, Insurance or Financial Services Law, plus their affiliates where relevant.
Limited exemptions apply to entities with fewer than 20 employees, under $7.5 million in gross annual revenue from New York operations, or under $15 million in year-end total assets, but core requirements still apply.
What you have to write
Documents on this site that NY DFS 23 NYCRR 500 requires or expects, each with who must have it, the review cycle and the obligations that cite it.
- Business Continuity and Disaster Recovery Plan Information security
- Incident Response Plan Information security
What the assessor asks to see
Board-approved cybersecurity policy; risk assessment; cybersecurity program documentation; CISO designation and annual board report; asset inventory and procedures; access privilege reviews and MFA evidence; penetration test and vulnerability scan reports; encryption of nonpublic information in transit and at rest; incident response and business continuity plans with test results; third-party service provider policy and diligence records; training records; incident notifications and ransomware payment notices; the signed annual certification and supporting records retained five years.
Where the requirement sits: 500.3 policies approved annually; 500.14 training; 500.16 IR/BCDR plans; 500.17 annual certification; 500.19 limited exemption. Technical: 500.5, 500.6, 500.7, 500.12
Second Amendment phase-in
Key dates: November 1, 2023 (amendment effective, 72-hour notice and 24-hour ransomware notice), April 15, 2024 (first certification under the new signatory rules), April 29, 2024 (governance, incident response and business continuity, access privileges), November 1, 2024 (encryption, asset inventory planning, Class A independent audits and PAM), May 1, 2025 (vulnerability scanning and access privilege controls), November 1, 2025 (universal MFA and written asset inventory procedures).
The April 15, 2026 certification was the first to cover the full amended rule.
Every internal policy in one place
AllyMatter is a full system for every internal policy your company keeps, including the ones NY DFS 23 NYCRR 500 turns on. Build the whole library in one place, across every department, and prove who has read what.
Policies you can run here
How it works
Every document is approved by someone other than its author, versioned, distributed to the people it covers and acknowledged by name. Sign it where a signature is what the standard wants, send a set out together as a package, and export a dated record of who read which version when an assessor asks.
The written policies this standard turns on live here, with every version and every acknowledgment on the record.
Who helps with NY DFS 23 NYCRR 500
Yes. Financial services cybersecurity consultancies, law firms and GRC platforms offer Part 500 gap assessments, risk assessments, policy drafting, virtual CISO services, Class A independent audits and certification support. Engagements typically run on an annual cycle aligned to the April 15 filing.
Firms that name this framework in their own material. A listing is not a recommendation. Each firm can confirm its own.
Listed in random order, reshuffled each time the page loads. Firms that pay for a listing are shown at the top, labeled Sponsored.
Atlant SecurityUSA
- What they do
- Compliance consulting
- Who they help
- Its website offers consulting for NYDFS 23 NYCRR 500, ISO 27001, SOC 2, HIPAA, PCI DSS and more.
- Standards
- Pricing
- Not published
Omega SystemsUSA
- What they do
- Compliance consulting
- Who they help
- Its website offers consulting for NYDFS 23 NYCRR 500, ISO 27001, SOC 2, HIPAA, PCI DSS and more.
- Standards
- Pricing
- Not published
VISTA InfoSecMumbai, India
- What they do
- Compliance consulting
- Who they help
- Its website offers consulting for NYDFS 23 NYCRR 500, ISO 27001, SOC 2, HIPAA, PCI DSS and more.
- Standards
- Pricing
- Not published
IsecurionBengaluru, Karnataka, India
- What they do
- Compliance consulting
- Who they help
- Its website offers consulting for NYDFS 23 NYCRR 500, ISO 27001, SOC 2, HIPAA, PCI DSS and more.
- Standards
- Pricing
- Not published
CitsapHouston, TX, USA
- What they do
- Compliance consulting
- Who they help
- Its website offers consulting for NYDFS 23 NYCRR 500, SOC 2, CMMC, NIST 800-171, PCI DSS and more.
- Standards
- Pricing
- Not published
Compass IT ComplianceNorth Providence, RI, USA
- What they do
- Compliance consulting
- Who they help
- Its website offers consulting for NYDFS 23 NYCRR 500, CMMC, NIST 800-171, PCI DSS, GDPR and more.
- Standards
- Pricing
- Not published
CYBRINew York, NY, USA
- What they do
- Compliance consulting
- Who they help
- Its website offers consulting for NYDFS 23 NYCRR 500, HIPAA, GDPR, CCPA/CPRA.
- Standards
- Pricing
- Not published
nuHarbor SecurityColchester, VT, USA
- What they do
- Compliance consulting
- Who they help
- Its website offers consulting for NYDFS 23 NYCRR 500, PCI DSS, NIST CSF, CJIS, NIST 800-53 / FISMA.
- Standards
- Pricing
- Not published
RedLeggChicago, IL, USA
- What they do
- Compliance consulting
- Who they help
- Its website offers consulting for NYDFS 23 NYCRR 500, HIPAA, PCI DSS, GDPR, NIST CSF.
- Standards
- Pricing
- Not published
CompassMSPWest Hartford, CT, USA
- What they do
- Compliance consulting
- Who they help
- Its website offers consulting for NYDFS 23 NYCRR 500, ISO 27001, SOC 2, HIPAA, CMMC and more.
- Standards
- Pricing
- Not published
CyturityHouston, TX, USA
- What they do
- Compliance consulting
- Who they help
- Its website offers consulting for NYDFS 23 NYCRR 500, ISO 27001, SOC 2, CMMC, NIST 800-171 and more.
- Standards
- Pricing
- Not published
PonduranceIndianapolis, IN, USA
- What they do
- Compliance consulting
- Who they help
- Its website offers consulting for NYDFS 23 NYCRR 500, HIPAA, CMMC, NIST 800-171, PCI DSS and more.
- Standards
- Pricing
- Not published
TrifidentOldsmar, FL, USA
- What they do
- Compliance consulting
- Who they help
- Its website offers consulting for NYDFS 23 NYCRR 500, SOC 2, HIPAA, CMMC, NIST 800-171 and more.
- Standards
- Pricing
- Not published
VancordMilford, CT, USA
- What they do
- Compliance consulting
- Who they help
- Its website offers consulting for NYDFS 23 NYCRR 500, ISO 27001, SOC 2, HIPAA, CMMC and more.
- Standards
- Pricing
- Not published
DataSure24Buffalo, NY, USA
- What they do
- Compliance consulting
- Who they help
- Its website offers consulting for NYDFS 23 NYCRR 500, SOC 2, HIPAA, CMMC, NIST 800-171 and more.
- Standards
- Pricing
- Not published
Flexible ITHauppauge, New York, USA
- What they do
- Compliance consulting
- Who they help
- Its website offers consulting for NYDFS 23 NYCRR 500, ISO 27001, SOC 2, HIPAA, NIST 800-171 and more.
- Standards
- Pricing
- Not published
YGI SolutionsNew York, New York, USA
- What they do
- Compliance consulting
- Who they help
- Its website offers consulting for NYDFS 23 NYCRR 500, ISO 27001, SOC 2, HIPAA, CMMC and more.
- Standards
- Pricing
- Not published
RoundTable TechnologyLewiston, Maine, USA
- What they do
- Compliance consulting
- Who they help
- Its website offers consulting for NYDFS 23 NYCRR 500, HIPAA, PCI DSS, GDPR, HITRUST.
- Standards
- Pricing
- Not published
CyberAccord
- What they do
- Compliance consulting
- Who they help
- Its website offers consulting for NYDFS 23 NYCRR 500, ISO 27001, SOC 2, HIPAA, NIST 800-171 and more.
- Standards
- Pricing
- Not published
Arcoven AdvisoryChicago, Illinois, USA
- What they do
- Compliance consulting
- Who they help
- Its website offers consulting for NYDFS 23 NYCRR 500, ISO 27001, SOC 2, NIST CSF, ISO 42001 and more.
- Standards
- Pricing
- Not published
Who assesses NY DFS 23 NYCRR 500
Government enforcement only. DFS examines covered entities and can impose penalties; there is no certification. Class A companies must obtain independent audits of their cybersecurity program (internal or external auditors free from influence over the program), but DFS does not certify those auditors.
Assessors
Be the first NY DFS 23 NYCRR 500 assessor listed here
This page is read by the organizations looking for someone to certify them.
Tools for NY DFS 23 NYCRR 500
Tools that name this framework in their own material.
Grouped by type. Inside each group the order is random, reshuffled each time the page loads. AllyMatter, the publisher of this site, is always first.
AllyMatterPolicy management tool, the policy and acknowledgment layerPublisher of this siteThird-party risk and trust centers2 tools
Vendor assessments, security ratings, questionnaires and trust pages.
Related reading
- NYDFS Part 500, one year later: new requirements effective November 1, 2024Tracks the staged amendment deadlines and what covered entities have to document at each one, written by a firm that defends these exams.Debevoise & Plimpton
- NYDFS: final set of cybersecurity requirements under amended Part 500 take effect November 1, 2025Explains the last tranche, universal multi-factor authentication and written asset inventory procedures, plus the limited exemptions.Hogan Lovells Cadwalader
Independent third-party explainers, chosen by hand. Not affiliated with this site and not paid placements. All links are nofollow.
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From the publisher
Run the Policy Side of NY DFS 23 NYCRR 500 in AllyMatter
Approve the policies NY DFS 23 NYCRR 500 asks for, keep every version, and record a named acknowledgment from each person who has to read them.
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