article thumbnail

NYSDFS Part 500 Cyber Amendments Finalized: What You Need to Know

Perficient Digital Transformation

The NYSDFS Part 500 amendments signal a crucial shift in the financial services regulatory landscape and underscore the importance of robust governance, risk management, and compliance frameworks. Impacted institutions are subject to significant fines relative to the level of non-compliance identified by the regulators.

article thumbnail

DFS500 Amendments: What You Need to Know

Perficient Digital Transformation

These DFS500 amendments signal a crucial shift in the regulatory landscape, emphasizing the imperative for robust governance, risk management, and compliance frameworks across the financial industry. Impacted institutions are subject to significant fines relative to the level of non-compliance identified by the regulators.