How StrongDM Helps with NYDFS Compliance

The New York Department of Financial Services (NYDFS) Cybersecurity Regulation (23 NYCRR 500) establishes a comprehensive framework for financial services organizations to strengthen cybersecurity through risk assessments, privileged access controls, and continuous monitoring. With updates taking effect in 2024, compliance has become more critical than ever.

This solution guide will walk you through how StrongDM enables organizations to meet NYDFS requirements by providing:

• Principle of Least Privilege (PoLP) – Enforcing strict role-based access controls (RBAC) to ensure users only access necessary systems.
• Just-in-Time (JIT) Access – Granting temporary privileged access when needed, reducing persistent security risks.
• Comprehensive Audit Trails – Automatically logging user activity, access requests, and privileged actions for compliance audits.
• Automated Compliance Reporting – Generating detailed access reports to meet NYDFS documentation requirements.
• Real-Time Monitoring & Incident Response – Detecting and mitigating unauthorized access attempts instantly.
• Seamless Identity & Access Management (IAM) Integration – Managing privileged accounts across infrastructure with streamlined deprovisioning.