New York’s updated Cybersecurity Regulation (23 NYCRR Part 500) introduces enhanced requirements for cybersecurity governance, data and asset inventory, risk assessment, incident response, and AI oversight.
The final phase (effective November 1, 2025) raises the bar for accountability, visibility, and resilience.
Organizations must maintain a complete, current inventory of all information and data assets, enforce documented governance policies, and validate their cybersecurity posture on a recurring basis.
NYDFS Part 500 isn’t just a compliance checkbox: it’s a mandate for visibility, accountability, and resilience.
An accurate inventory underpins everything from risk assessment and access control to AI governance and incident response.
BigID gives you the visibility to meet regulatory expectations, and the intelligence to go beyond them.
Boards and senior management must take direct responsibility for cybersecurity oversight — approving written policies, ensuring adequate resources, and annually certifying compliance. NYDFS expects evidence of leadership engagement and governance structure.
BigID helps translate technical controls into executive visibility, providing dashboards, metrics, and evidence-ready reports for certifications and board reviews.
Entities must conduct formal risk assessments at least annually — and whenever there’s a material change in business, technology, or threat landscape. Assessments must include third-party and AI-related risks.
BigID helps continuously assess data risk through automated discovery, classification, and scoring across structured, unstructured, cloud, SaaS, and AI environments — providing a current, data-driven view of exposure.
Covered entities must maintain a complete, accurate inventory of all information systems and data assets. Each entry must include ownership, location, classification, RTO, support status, disposal procedures, and NPI or AI designations — with regular validation.
BigID helps automate discovery, labeling, and reconciliation to maintain a living inventory that meets NYDFS standards and stays up to date as environments evolve.
Access rights must be governed with strict controls, enforced by MFA and least-privilege policies. NYDFS requires periodic access reviews to detect overprivileged or orphaned accounts.
BigID helps map permissions to data sensitivity, monitor user activity, detect excessive privileges, and automatically surface risky access patterns across hybrid environments.
Organizations must detect, investigate, and report cybersecurity events — including ransomware incidents — on a timely basis. Documentation, containment, and recovery procedures must align with regulatory expectations.
BigID helps pinpoint what data was impacted, who accessed it, and how sensitive it was — accelerating impact analysis and enabling faster, evidence-backed breach response.
NYDFS now mandates oversight of systems that use or rely on AI, requiring visibility into model inputs, outputs, and data dependencies to mitigate bias and misuse.
BigID helps identify AI systems, trace data flows, and label sensitive training data — enabling responsible AI governance and compliance-ready documentation for regulators.
Build your NYDFS-ready data and asset inventory today with BigID.
