Can you make my Magento store DFS-500 (23 NYCRR Part 500) compliant?
Yes, this is mandatory for B2B Magento stores selling to NY financial services. NY DFS 23 NYCRR Part 500 (NY Department of Financial Services Cybersecurity Regulation) applies to banks, insurers, lenders, mortgage brokers, money-transmitters, and their critical third-party vendors, which includes any Magento store providing software or services to FiDi + Tribeca BFSI clients. Key requirements we configure: (1) MFA for all admin users (no exceptions, no SMS, TOTP or hardware-key only); (2) annual penetration testing + biannual vulnerability assessment with documented remediation; (3) encryption at rest and in transit (AES-256 + TLS 1.3); (4) 72-hour breach notification to NY DFS; (5) CISO designation + annual board-level cybersecurity report; (6) third-party-vendor security policy. Plus separate NYS SHIELD Act 2020 breach-notification (stricter than federal) and NYC SHIELD Act local rules. We deploy the controls + audit trail + incident-response runbook.