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INSURANCE DEPARTMENT OF THE STATE OF NEW YORK DEFINITION OF REPLACEMENT In order to determine whether you are replacing or otherwise changing the status of existing life insurance policies or annuity contracts,

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What is ny-def?

The term 'ny-def' refers to the New York Department of Financial Services' (NYDFS) Cybersecurity Requirements for Financial Services Companies.

Who is required to file ny-def?

Financial services companies operating in New York, including banks, insurance companies, and other regulated entities, are required to file the ny-def.

How to fill out ny-def?

The ny-def must be completed by financial services companies online through the NYDFS cybersecurity portal. Companies need to provide the required information and attest to their compliance with the cybersecurity requirements.

What is the purpose of ny-def?

The purpose of ny-def is to ensure the protection of sensitive customer data and the overall cybersecurity of financial services companies operating in New York.

What information must be reported on ny-def?

The ny-def requires financial services companies to report on various aspects of their cybersecurity program, including the identification of risks, implementation of safeguards, incident response, and overall levels of cybersecurity awareness.

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