FAQ: How And When Do I File For An Exemption To The New York Cybersecurity Law?

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Who does 23 Nycrr 500 apply to?

23 NYCRR 500.01 defines Senior Officer as “the senior individual or individuals (acting collectively or as a committee) responsible for the management, operations, security, information systems, compliance and/or risk of a Covered Entity…” A Covered Entity is defined as “any Person operating under or required to

What is the New York cybersecurity regulation?

The NYDFS Cybersecurity Regulation (23 NYCRR 500) is a new set of regulations from the NY Department of Financial Services (NYDFS) that places cybersecurity requirements on all covered financial institutions.

What is a covered entity under 23 Nycrr 500?

(c) Covered Entity means any Person operating under or required to operate under a license, registration, charter, certificate, permit, accreditation or similar authorization under the Banking Law, the Insurance Law or the Financial Services Law.

What is the date of the self determination compliance finding?

The effective date for the new regulation was March 1, 2017. You have 180 days, or until Aug. 28, 2017 to become compliant.

What DFS 504?

The New York Department of Financial Services (NYDFS) has adopted Part 504, a first-of-its-kind, risk-based anti-terrorism and anti-money laundering regulation, which requires regulated banks, check cashers and money transmitters to maintain effective programs to monitor transactions for potential Bank Secrecy Act (BSA

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What states have adopted the NAIC Insurance data security model law?

The National Association of Insurance Commissioner ( NAIC )’s model data security law (“ Model Law ”) was recently adopted by Maine and North Dakota.

What does Nydfs stand for?

New York State Department of Financial Services

Department overview
Headquarters New York, N.Y.
Department executive Linda Lacewell, Superintendent of Financial Services
Key document Financial Services Law
Website www.dfs.ny.gov

How can cybersecurity be used to protect health information in an EHR?

Create a layered approach to EHR security. Restrict access so only necessary parties have access to personal data. Encryption provides patient information privacy when data is in transit. Segmented firewalls secures your EHRs in-network from outside attacks.

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