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Key Dates for NYDFS Part 500 Compliance

December 31st isn’t optional. Most companies still think NYDFS only applies if they’re physically located in New York. 

Not true. 

Compliance dates are sneaking up

Compliance dates sneak up on companies — and most leaders don’t think about cybersecurity regulations until they’re staring down a deadline. Unfortunately, when it comes to New York’s Cybersecurity Regulation (23 NYCRR Part 500), waiting isn’t a strategy — and it will cost you. 

With key actions due December 31, 2025 and April 15, 2026, business owners, CEOs, insurance brokers, lenders, and other financial services stakeholders need to know exactly what’s coming — and what to do now. 

And yes, the timing is terrible. Thanksgiving. Black Friday. Christmas. Year-end closing. Hiring freezes. Chaos. 

But ignoring the regulation won’t make it go away, and regulators are increasing enforcement. 

This isn’t about fear: it’s about preparation. 

Who Must Comply With NYDFS Part 500?

If you are licensed, registered, or operating under New York Banking Law, Insurance Law, or Financial Services Law, this compliance applies to you. 

This includes: 

  • Banks 
  • Mortgage lenders and brokers 
  • Insurance companies and agencies 
  • Virtual currency companies 
  • Financial services providers 
  • Credit unions 

Quick Reality Check for Out-of-State Companies

If you’re sitting in Texas, Florida, Arizona, or anywhere outside New York and thinking: “This regulation doesn’t apply to me,”  pump the brakes. If you are licensed to serve any New York-licensed bank, mortgage lender, insurer, virtual currency company, or financial services consumers— even one small agency — NYSDFS Part 500 may apply to you. 

It doesn’t matter where your headquarters is. If you handle, store, access, integrate, or transmit non-public information for a covered entity, you’re in scope. 

And with increased audits and tighter third-party compliance requirements, pretending this doesn’t touch your business isn’t a plan. Compliance isn’t optional — it’s required. 

Key Dates You Can’t Ignore

December 31, 2025: Deadline to meetcompliance requirements.  Your cybersecurity must be in place — not “planned.”

April 15, 2026: Deadline to certify compliance for 2025.  Filing happens under penalty of law — documentation must match reality. 

These dates are not suggestions. NYDFS has already expanded enforcement, increased audit activity, and tightened requirements under amendment cycles released in 2023.

Why Companies Are Struggling

Most organizations face the same problems: 

  • They have partial documentation, or none. 
  • They rely on IT teams or MSPs who aren’t compliance-literate. 
  • They don’t know what applies to them, especially exemptions. 
  • They misunderstand gaps between “security controls” and “regulatory controls.” 
  • They wait until Q4, then panic. 

We see it every time: the December scramble. 

The RSI Advantage

As Angela Hogaboom, RSI’s CISO, explains: 

“Clients choose us because we make it easy. We simplify what’s required without overcomplicating, overwhelming, or fear-mongering.” 

RSI has completed over 200 NYSDFS Part 500 compliance engagements — from billion-dollar organizations to single-office exempt insurance agencies. 

And unlike firms that only audit and walk away, we: 

  • Identify gaps 
  • Fix what needs fixing 
  • Provide documentation 
  • File exemptions where appropriate 
  • Support filing and certification 
  • Train teams — without the technical fog 

You don’t get a list of problems; you get solutions.

What Happens When You Call Us

All under one roof. 

No finger-pointing 
No outsourcing chaos 
No surprises 

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