17New York State Department of Financial Service Part 500
DFS has good intentions in what they are trying to do but lack the technical knowhow to implement meaningful changes to the industry. The regulations give the illusion of security, and that is not the same thing as implementing actual security measures to protect financial institutions. This chapter provides meaningful information to pivot your cybersecurity program to obtain both DFS compliance and real cybersecurity.
Theodore Tomita III, Executive Vice President & CTO/CISO at Catskill Hudson Bank
Definitions
NYS DFS defines the following:
An “Affiliate” is any Person that controls, is controlled by, or is under common control with another Person. ...
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