NY DFS Cybersecurity Requirements for Financial Services Companies
The New York State Department of Financial Service (DFS) 23 NYCRR 500 is a new requirement that our documentation addresses. The Word versions of these documents are footnoted with the NY DFS requirements and the Excel spreadsheet contains a mapping for the requirements to the standards. This enables you to clearly demonstrate the steps your
ComplianceForge offers two (2) unique products to comply with the New York Department of Financial Services (DFS) cybersecurity requirements:
We offer a comprehensive lineup of cybersecurity-related documentation that can advance your company's compliance efforts for NY DFS cybersecurity requirements, as well as many other common compliance needs that businesses face.
The following table shows how the WISP and DSP documentation map to the NY DFS cybersecurity requirements:
From surveying cybersecurity professionals, we created the following chart to provide a comparison of options for companies needing security program documentation:
Written Information Security Program (WISP) Cost Savings Estimate
As you can see, when you factor in internal staff time to perform reviews and refinements with key stakeholders, purchasing a WISP from ComplianceForge is approximately 4% ($17,000+ savings) of the cost as compared to writing your own documentation and 2% ($41,000+ savings) of the cost as compared to hiring a consultant to write it for you!
Digital Security Program (DSP) Cost Savings Estimate
Similar to the WISP example above, when you factor in internal staff time to perform reviews and refinements with key stakeholders, purchasing a DSP from ComplianceForge is approximately 17% ($37,000+ savings) of the cost as compared to writing your own documentation and 8% ($90,000+ savings) of the cost as compared to hiring a consultant to write it for you!