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The New Cybersecurity Compliance Challenges for 2025
Why This Deadline Matters
Even if you filed last year, recent amendments to NY DFS 23 NYCRR 500 mean you may no longer be in compliance. If your IT provider isn’t up to speed, your agency could be vulnerable.
Failing to comply can cost you thousands per day
NY DFS can enforce penalties up to $75,000 per day for agencies that knowingly violate cybersecurity laws. Even minor non-compliance can lead to fines of $2,500–$15,000 per day—not to mention the reputational damage of a cyber incident.
New rules mean last year’s compliance isn’t enough.
Even if you attested in 2023, recent updates to NY DFS 23 NYCRR 500 mean you might no longer be compliant.
Even “exempt” agencies must meet key cybersecurity standards.
There are no full exemptions from NY DFS cybersecurity laws—only limited exemptions, which still require a strong cybersecurity program and annual attestation.
What’s Changed?
The New Cybersecurity Compliance Challenges for 2024
The latest NY DFS cybersecurity amendments have introduced new security and reporting requirements, making it even more critical for agencies to have a dedicated IT team that understands the insurance industry.
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Multi-Factor Authentication (MFA) Enforcement: Stricter MFA rules to prevent unauthorized access.
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Expanded Risk Assessments: More frequent cybersecurity risk evaluations.
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Incident Response Planning: Tougher reporting requirements for data breaches and cyber incidents.
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Audit Trail Requirements: Stronger logging and monitoring to track security threats.
If your IT provider hasn’t briefed you on these changes, it’s time for a second opinion.
FAQ
What This Means for NY Insurance Agencies
NY DFS 23 NYCRR 500 is a set of cybersecurity regulations that apply to financial services companies, including insurance agencies. The law requires agencies to have a documented cybersecurity program, risk assessments, data protection policies, and an annual attestation of compliance. Agencies that fail to comply can face severe fines and penalties.
Yes! There are no full exemptions—only limited exemptions. Even if your agency qualifies, you still need to meet certain cybersecurity requirements and attest to compliance annually.
NY DFS can impose fines of:
- $2,500 per day for standard violations
- $15,000 per day for reckless non-compliance
- Up to $75,000 per day for knowing and willful violations
Absolutely. Many general IT providers don’t fully understand NY DFS regulations or how they apply to insurance agencies. Even if your provider says you’re covered, a second opinion could save you from costly penalties.
Archway specializes exclusively in IT and cybersecurity for insurance agencies. Unlike other IT firms that serve multiple industries, we understand your agency management systems, workflows, and compliance needs better than anyone else.
In just 10 minutes, we will:
✔️ Review your agency’s cybersecurity setup
✔️ Identify compliance gaps
✔️ Provide expert recommendations to ensure full compliance before the April 15th deadline
Click the button below to book your call—it’s quick, free, and could save your agency thousands in fines.
Why Archway Computer?
IT Support Exclusively for Independent Insurance Agencies
Unlike general IT providers that serve multiple industries, Archway specializes in IT and cybersecurity exclusively for insurance agencies. We understand the software, workflows, and compliance challenges you face better than anyone.
✅ Deep Insurance Industry Expertise
We’ve worked with insurance agencies for over 30 years and know the ins and outs of Applied Epic, AMS360, HawkSoft, and other agency management systems.
✅ Proactive Cybersecurity & Compliance Support
We don’t just help you meet NY DFS requirements—we ensure your systems are fully protected against cyber threats 24/7.
✅ Lightning-Fast Support
While other IT providers take days to respond, we answer calls live in under 93 seconds—with 24/7 support at no extra cost.
✅ Full Compliance Assistance
From risk assessments to incident response planning, we guide you through the entire NY DFS attestation process—without the misinformation.
✅ Smooth IT Transitions
Worried about switching IT providers? We make it seamless—from handling paperwork to ensuring zero downtime.
Our Clients
Proudly Supporting Hundreds of Independent Independent Agencies Like Yours
"As a growing agency, we wanted to make sure we were staying on top of cybersecurity. Archway Computer’s audit was exactly what we needed. Brad and his team didn’t just point out weaknesses—they gave us a clear plan to fix them and prevent future issues. The whole process was smooth, and now we feel much more secure knowing our clients’ information is protected."
Jeff Bickerstaff
Agency Owner, Bickerstaff Insurance and Financial Services, LLC
"With our employees working remotely during and after COVID, we wanted to be certain our systems were secure. Archway Computer came in and did a thorough cybersecurity audit. Brad made everything easy to understand, and we now know we’re safe from potential threats. Their expertise has been a huge relief for us."
Maria Bishop-Carns
Accountant at Bishop Insurance Service
"As a New York-based agency, staying compliant with the state’s cybersecurity regulations is critical for us. Archway Computer’s cyber audit not only identified vulnerabilities in our systems but also ensured we met all the requirements of the NY Cybersecurity Regulation. Brad and his team made the process seamless, and we now feel confident that we’re both secure and fully compliant with the law."
Reed E. Jones
Service Operations, Amaden Gay Agencies
Is Your Agency Fully Compliant? Find Out in 10 Minutes.
Most agencies don’t realize they’re non-compliant until it’s too late. Let’s fix that now before the April 15th deadline.
(888) 361-9995 • info@myarchway.com