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Financial Services compliance regulations are the most restricted, yet regulators struggle to keep up with the technology loopholes. In this post, we discuss the New York State Department of Financial Services (NYDFS) cybersecurity regulation — 23 NYCRR 500. The final deadline has passed, but not to worry, Duo Security was made to help financial services companies with compliance.
> In the case of large-scale retail data breaches, class action lawsuits have been brought against the corporations with claims that they did not implement strong enough security standards to keep consumer data safe.
> No matter how many times default passwords are pinpointed as the culprit of a high-profile, wide-spread, massive-scale data breach, they’re still out there. On everything, from highway sign software, to ATMs, POS (Point of Sale) devices, television station broadcasting systems and more.
