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New York’s new guidance on third-party service provider cyber risk

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Photo: Lisa Maree Williams/Getty Images

Julie DiMauro

5 min read
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The guidance does not impose new requirements; it helps NYDFS-regulated institutions meet existing obligations in light of evolving vendor-related cybersecurity risks.

The New York Department of Financial Services has issued new guidance on cybersecurity risks connected to third-party service providers.

Acting Superintendent Kaitlin Asrow announced it, highlighting the risks related to entities becoming increasingly reliant on third-party service providers (TPSPs).

She said the guidance builds on NYDFS’s ongoing efforts to protect

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