Overview
Fintech and Financial Services customers face several challenges, from constantly evolving regulatory requirements to the need for active management of security and compliance in a highly dynamic threat landscape.
Digital Edge’s NY DFS 500 Financial Services Security and Compliance Framework and consulting offer includes our DFS Reference Architecture which specifically guides customers in their AWS deployments and addresses the new requirements that have become a part of the NYS DFS 500 Law.
Our expertise covers the legal aspects of cybersecurity laws and regulations, and our staff includes cybersecurity lawyers and auditors. With in-house legal and auditing staff, Digital Edge can save our clients time by quickly identifying a control standard to implement a control framework. With DFS Financial Services Security and Compliance Framework, customers can establish continuous compliance through the use of cloud-native tools, market-leading products, and Digital Edge . For more information, view our highlights and click on the links for more specific detail
Highlights
- Implementing New York State DFS compliance framework allows financial companies to avoid risks including service disruption, fees, fines, lawsuits, and reputational damage.
- Using Digital Edge’s compliance service gives clients opportunity to consolidate AWS operation, cybersecurity, compliance under one integrated service allowing cost optimization, simplifying vendor management, enabling profitable operation in highly regulated industry.
- DFS Financial Services Security and Compliance Framework and Reference Architecture implements means for security monitoring and detection of risk escalation events, cybersecurity threats and incidents. Digital Edge will educate your organization on responding and escalation of such events.
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HOW IT WORKS:
Digital Edge has decades of experience working with financial services organizations, particularly in helping them leverage new technologies such as AWS. Digital Edge has developed a unique understanding of New York State Department of Financial Services requirements and how to build and operate systems automating large aspect of the compliance with DFS 500 using AWS tools and services. Our techniques and solutions in coordination with our own legal staff will ensure compliance, collect require artifacts, install necessary guardrails and alert to maintain the compliance regime.
Digital Edge will conduct an assessment of environment, business services, and AWS services in use, engaging your architects, engineers and security specialists. This will provide a view of the of cloud security controls, their implementation and effectiveness. When the assessment is complete, the Digital Edge team will produce a gap analysis showing what recommended technology should be implemented and what aspects for DFS 500 requirements can be automated.
Digital Edge’s DFS Financial Services Security and Compliance Framework has strong methodology of mapping DFS requirements to AWS tools and services allowing us to quickly establish referring architectures achieving confidence in compliance with NYS DFS 500. Each assessment will be reviewed by Digital Edge’s in-house cybersecurity lawyer.
Digital Edge will provide referred architecture and multiple suggestions for implementation of native AWS tools and services to support compliance program with NYS DFS 500 and automate as many controls as possible, promoting a "secure by default" approach and vastly reducing the overhead associated withmaintaining and evolving the control framework over time. The engagement will conclude with training and handover to ensure the relevant client teams are empowered for the future, enabling you to own and evolve the framework as your cloud estate grows and changes over time.
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