23 CRR-NY 500.15NY-CRR

OFFICIAL COMPILATION OF CODES, RULES AND REGULATIONS OF THE STATE OF NEW YORK
TITLE 23. FINANCIAL SERVICES
CHAPTER I. REGULATIONS OF THE SUPERINTENDENT OF FINANCIAL SERVICES
PART 500. CYBERSECURITY REQUIREMENTS FOR FINANCIAL SERVICES COMPANIES
23 CRR-NY 500.15
23 CRR-NY 500.15
500.15 Encryption of nonpublic information.
(a) As part of its cybersecurity program, based on its risk assessment, each covered entity shall implement controls, including encryption, to protect nonpublic information held or transmitted by the covered entity both in transit over external networks and at rest.
(1) To the extent a covered entity determines that encryption of nonpublic information in transit over external networks is infeasible, the covered entity may instead secure such nonpublic information using effective alternative compensating controls reviewed and approved by the covered entity’s CISO.
(2) To the extent a covered entity determines that encryption of nonpublic information at rest is infeasible, the covered entity may instead secure such nonpublic information using effective alternative compensating controls reviewed and approved by the covered entity’s CISO.
(b) To the extent that a covered entity is utilizing compensating controls under subdivision (a) of this section, the feasibility of encryption and effectiveness of the compensating controls shall be reviewed by the CISO at least annually.
23 CRR-NY 500.15
Current through November 30, 2020
End of Document