Altius IT's auditors deliver independent compliance audits covering NY DFS 23 NYCRR 500, SOX, GLBA, PCI-DSS, and HIPAA for banking, insurance, financial services, and healthcare organizations across New York City and the tri-state area.
New York has the strictest state-level cybersecurity regulations in the United States. The NY Department of Financial Services 23 NYCRR 500 imposes mandatory cybersecurity requirements on all DFS-regulated entities, including banks, insurance companies, mortgage brokers, and money services businesses. Combined with federal requirements under SOX, GLBA, and PCI-DSS, New York organizations face a compliance burden unmatched by any other state. Altius IT's compliance audit evaluates your organization against these layered regulatory requirements.
We review your cybersecurity policies, procedures, workforce training, and incident response plans against NY DFS requirements and applicable federal standards. Under 23 NYCRR 500, DFS-regulated entities must maintain a written cybersecurity policy, designate a Chief Information Security Officer, and conduct annual penetration testing and bi-annual vulnerability assessments. Our audit verifies compliance with each of these administrative requirements.
Our auditors assess facility access controls, workstation security, and device disposal procedures. New York financial institutions operating trading floors, data centers, and branch offices must demonstrate physical access restrictions, visitor logging, and secure destruction of hardware containing nonpublic financial information as required under both DFS regulations and federal banking guidelines.
We evaluate access controls, audit logging, encryption, multi-factor authentication, and transmission security across your IT environment. NY DFS 23 NYCRR 500 mandates specific technical controls including MFA for remote access, encryption of nonpublic information both in transit and at rest, and continuous monitoring capabilities. Our assessment includes a thorough IT infrastructure security review and a comprehensive risk assessment to identify control deficiencies.
Every compliance audit produces a detailed gap analysis mapping your current controls against NY DFS, federal, and industry-specific requirements, paired with a prioritized remediation roadmap. We review your existing privacy practices and compliance documentation, including your annual DFS compliance certification preparation materials.
Upon successful completion of your compliance audit and remediation, Altius IT issues an Auditor Opinion Letter and Secure Seal. For New York financial institutions, this independent verification supports your annual DFS compliance certification and demonstrates to clients and regulators that your cybersecurity program meets required standards.
New York's financial institutions and businesses operate under the most demanding cybersecurity compliance environment in the nation. NY DFS 23 NYCRR 500 adds state-level mandates on top of federal SOX, GLBA, and FFIEC requirements, creating a layered compliance obligation that requires experienced, independent auditors who understand the full regulatory stack.
No vendor relationships. Our audit findings support your compliance goals without conflicts of interest.
Led by experts with a Ph.D. in Computer Science, CISA certification, and financial sector compliance experience.
Deep understanding of 23 NYCRR 500, SOX, GLBA, and the intersecting requirements unique to New York.
Every engagement includes follow-up support to ensure remediation items are addressed before certification deadlines.
New York stands apart from every other state in the severity and specificity of its cybersecurity regulations. The NY Department of Financial Services 23 NYCRR 500 was the first state-level regulation to mandate specific cybersecurity controls for financial institutions, including requirements for a CISO, written cybersecurity policies, annual penetration testing, multi-factor authentication, encryption standards, and incident notification within 72 hours. Violations carry substantial civil penalties, and the DFS has shown willingness to pursue enforcement actions against non-compliant entities.
New York City is the financial capital of the world, home to major banks, investment firms, insurance companies, and thousands of financial services firms. These organizations face overlapping compliance requirements from NY DFS, federal banking regulators, the SEC, and industry standards including PCI-DSS. Altius IT's compliance audits address these layered requirements simultaneously, identifying shared controls and reducing audit fatigue while ensuring comprehensive coverage across all applicable frameworks.
New York's healthcare sector, including major hospital systems like NYU Langone, Mount Sinai, and NewYork-Presbyterian, must comply with both HIPAA and New York's own SHIELD Act requirements for data breach notification. Healthcare organizations that also accept insurance payments face additional PCI-DSS obligations. Altius IT evaluates these intersecting requirements to provide a unified compliance picture.
In addition to Manhattan, Altius IT provides compliance audit services across all five boroughs and the greater tri-state area, including Brooklyn, Queens, the Bronx, Staten Island, Jersey City, Newark, Hoboken, Stamford, and White Plains. Our audits are conducted both remotely and on-site to serve organizations throughout the New York metropolitan region.