In 2017 the New York Department of Financial Services (NYDFS) enacted legislation requiring financial services companies doing business in New York to follow comprehensive security rules (23 NYCRR 500). This legislation went into full effect on March 1, 2019.
While Coalition does not provide compliance services, we recognize that many of our insureds may need help understanding the regulation and what they must do to comply.
To assist, Coalition has developed a compliance spreadsheet for our insureds that can be used as an audit and preparation tool. The spreadsheet, available by contacting us directly, lists the pertinent technical and administrative details required under the rules as well as how Coalition services help with those rules.
For more information on this topic and to get your copy of the spreadsheet, please reach out to us; We’re here to help!