Cybersecurity Services in New York

New York’s Cybersecurity Laws and Regulations

New York has been at the forefront of implementing cybersecurity laws to protect businesses and consumers. Here are some key regulations:

• New York Department of Financial Services (NYDFS) Cybersecurity Regulation (23 NYCRR 500): Enacted in 2017, this regulation mandates that financial services companies operating in New York have a comprehensive cybersecurity program in place. The program should include a written policy, a designated Chief Information Security Officer, regular penetration testing and vulnerability assessments, and a detailed incident response plan. The objective is to safeguard consumer data and the IT systems of New York's financial services industry from cyber threats.

• The Stop Hacks and Improve Electronic Data Security Act (SHIELD Act): The SHIELD Act, effective from March 2020, expands on the state's existing data breach notification laws. It broadens the definition of "private information" and requires businesses holding electronic data of New York residents to implement reasonable safeguards, including administrative, technical, and physical measures. The Act applies to all businesses, regardless of their location, that maintain electronic data of New York residents.

• New York City's Cyber Command (NYC3): NYC3 is a city-led initiative that aims to defend New Yorkers from cyber threats. It works across more than 100 city agencies and offices to prevent, detect, respond to, and recover from cyber threats. NYC3 also provides guidance and support to the city's businesses and residents to help them improve their cybersecurity.

We get it; cybersecurity can feel like a maze. But that's why we're here! At Eden Data, we're not just any cybersecurity firm. We're New York's very own cybersecurity experts, and we've got a team that's packed with former military cyber professionals and Big 4 consultants. They've been in the trenches, they've seen it all, and they know exactly how to keep your business safe and sound and in line with New York's cybersecurity regulations. 

So, why wait? Contact us today!

The Impact of Cybercrime on New York's Economy

Cybercrime has a significant impact on New York's economy, affecting various sectors, such as: 

• Financial Industry: Finance-related agencies are the lifeblood of New York's economy, but it's also a prime target for cyberattacks. When these institutions are hit, it's not just about the immediate financial losses. The real impact is much broader, shaking consumer confidence, disrupting financial markets, and sending shockwaves through the entire economy.

• Healthcare Sector: Healthcare is another major player in New York's economy but is also in the crosshairs of cybercriminals. Security breaches can lead to stolen patient data and hefty fines for non-compliance with data protection regulations. But the real cost? It's the reputational damage that could lead to patients walking away and the overall impact on the well-being of the sector.

• Small and Medium-Sized Businesses (SMBs): SMBs are a huge part of New York's economy, but they're often not ready to deal with cyber threats. A successful cyberattack can be a knockout blow, leading to financial ruin, job losses, and economic instability.

The impact of cybercrime on New York's economy is a big deal. It's a chain reaction that affects every sector and every size of business. But that's where we come in. At Eden Data, we're all about helping businesses navigate these challenges. We're here to help you protect your digital platforms and customer data. 

So why not give us a call? Let's talk about how we can help secure your business.