Tag: nycrr

Thoropass now supports 23 NYCRR Part 500 cybersecurity regulation! Thoropass’ end-to-end compliance and audit solution can now guide you through the entire process. With everything in one place, achieving NYCRR compliance has never been easier or quicker.

What’s 23 NYCRR Part 500 compliance?

23 NYCRR Part 500, introduced by the New York Department of Financial Services (NYDFS), sets essential cybersecurity standards for financial institutions to protect sensitive data. It mandates institutions to develop comprehensive cybersecurity programs, conduct regular risk assessments, encrypt customer data, and implement multifactor authentication.

Who should care about Part 500?

23 NYCRR Part 500 impacts all entities regulated by the New York Department of Financial Services (DFS), including banks, insurance companies, mortgage lenders, and other financial institutions operating in New York.

What happens if you don’t take action?

Ignoring NYCRR 500’s guidelines could lead to data breaches, fines, and damage to your brand’s reputation. Non-compliance exposes your systems to threats that competitors have addressed, putting you at risk of cyberattacks and client attrition.

Why choose Thoropass?

Thoropass helps organizations strengthen compliance by proactively identifying vulnerabilities through real-time monitoring, automating manual tasks for faster certification, and building customer trust by embedding robust information security practices into daily business operations.

• End-to-end automation: Our intuitive platform streamlines every step of 23 NYCRR Part 50 compliance, from policy implementation to evidence collection and continuous monitoring. This reduces the manual burden, saving time and boosting efficiency. 

• Multi-framework efficiency: Once you’ve completed Part 500 framework with us, the controls and tasks you’ve implemented can be easily transferred to other frameworks, reducing redundancy and saving time. 
• Auditor-approved integrations: Auditors verify that all systems used for data collection meet auditor standards, ensuring accuracy and reliability. 
• Expert-guided journey: Our experts will help you scope your project, set up the platform, document policies, and guide you every step of the way.
• Highest quality report: Upon completing the Thoropass roadmap, your team will receive a self-assessment confirming that all necessary controls have been designed and implemented to meet Part 500 requirements.

To learn more about Thoropass’ capabilities to speed up Part 500 compliance, schedule a personalized demo with an expert.

One audit, multiple frameworks

Experience The OrO Way for multi-framework compliance

Thoropass’ AI-infused technology and expert guidance allow you to achieve more with less. With Unified Controls and multi-framework action items, you’ll save time and resources and acheive yoru compliance goals faster than ever before.

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