Company
Date Published
Author
Dan McCorriston
Word count
1449
Language
English
Hacker News points
None

Summary

The New York Department of Financial Services (NYDFS) Cybersecurity Regulation mandates rigorous standards for protecting nonpublic information and securing information systems within financial and insurance institutions, with recent amendments introduced in 2023. While insurers have generally achieved compliance, the challenge lies in consistently applying these standards across complex broker networks and modern customer portals, particularly in the areas of authentication and access management. Insurance CISOs must now focus on sustaining resilience by going beyond basic compliance, utilizing advanced identity and access tools to maintain security without sacrificing user experience. Descope offers a modern CIAM platform to aid insurers in adhering to NYDFS requirements by providing tools that enable adaptive multi-factor authentication, robust access controls, and automated audit readiness, thus turning regulatory compliance into a competitive advantage. By employing Descope's solutions, insurers can ensure secure, seamless interactions for customers, agents, and partners while maintaining continuous compliance readiness and enhancing overall digital experiences.