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"Countdown to Compliance"--Fasoo Sponsored Ponemon Institute Survey of New Cybersecurity Regulations Impacting Financial Services Organizations Doing Business in New York State--NYDFS 23 NYCRR 500

60% of respondents believe that NYDFS 23 NYCRR 500 will be more difficult to comply with than SOX or PCI

WASHINGTON, March 20, 2017 /PRNewswire/ -- Fasoo Inc., the leader in data and application Security, today announced its sponsorship of a Ponemon Institute survey to determine the readiness of financial firms doing business in New York State to comply with new cybersecurity regulation (NYDFS 23 NYCRR 500).  The new governance went into effect on March 1, 2017 and includes deadlines for firms to implement procedures and solutions to achieve compliance with the new standards.   

"The survey is aptly titled "Countdown to Compliance," said Dr. Larry Ponemon.  "Our goal is to provide insight into the challenges these organizations face in complying with the demanding new requirements which apply to all 'nonpublic information' – at rest, in-transit and shared with third parties.  The survey will provide insight into their efforts to comply over the next 180 to 365 days."

To obtain an early release copy of the "Countdown to Compliance" survey and keep apprised of Fasoo, Inc. sponsored NYDFS events, please register

This is the second Ponemon Institute survey sponsored by Fasoo, Inc. during the past year. The previous research, titled "Risky Business: How Company Insiders Put High Value Information at Risk" polled IT security practitioners on risks of data breaches by trusted insiders.

"Both of these Ponemon surveys build market awareness and inform CIO/CISO and Compliance Officer leadership as to the need and now the mandatory New York State requirements for data-centric security, audit, and compliance solutions," said John Herring, CEO of Fasoo, Inc.  "We are joining with leading Legal, GRC and Insurance cybersecurity professionals to sponsor several events across New York State to highlight strategies and enterprise ready data-centric solutions to address regulatory compliance."

About Ponemon Institute
The Ponemon Institute© is dedicated to advancing responsible information and privacy management practices in business and government. To achieve this objective, the Institute conducts independent research, educates leaders from the private and public sectors and verifies the privacy and data protection practices of organizations in a variety of industries.

About Fasoo
Fasoo's data-centric security solutions help customers prevent unintended information disclosure through over 2,000 projects deployed worldwide. Since 2000, Fasoo has helped customers create a secure information sharing environment and simplified secure collaboration internally and externally. Its award- winning enterprise DRM (Digital Rights Management) solutions are securing more than 2.5 million users enterprise-wide. Fasoo is seeing continuous improvement in its global market position, based on its unique technology, ongoing R&D and strategic approach to comprehensive product capabilities. Fasoo has also expanded its product portfolio through static code analysis (SPARROW) and innovative content-centric document management (Wrapsody) solutions. For more information, please visit www.fasoo.com.

 

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SOURCE Fasoo Inc.

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