2025 New York Department of Financial Services (NYDFS) Reporting Reminder

The team at Avalon just wanted to remind you that the New York Department of Financial Services (NYDFS) cybersecurity regulation deadline is fast approaching. As part of NY DFS Cybersecurity Regulation 23 NYCRR 500, companies regulated by NYDFS are required to complete and file their annual cybersecurity compliance certification with the department.

Deadline: The filing deadline for the Notice of Compliance is April 15, 2025.

Key points to remember:

• Ensure your cybersecurity program complies with the requirements outlined in 23 NYCRR 500.
• If you are not fully compliant with each section, you are still required to submit a notice of material non-compliance with associated remediation timelines.
• Complete and file the Notice of Compliance by the deadline.
• Review your risk assessments, incident response plans, and cybersecurity policies to ensure they are up to date.

Please take action promptly to avoid penalties and ensure full compliance. If you need assistance or have questions regarding the filing process, contact the experts at Avalon today.