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Coalfire Validates Egress Data Security Platform for Compliance with NYDFS Cybersecurity RegulationsEgress, a data security company, today announced that Coalfire, a leading cybersecurity advisory firm, has validated the ability of the Egress data security platform to protect financial and personal data and help organizations comply with the New York State Department of Financial Services (NYDFS) 23 NYCRR 500 data privacy laws. The final deadline for compliance with the regulation is March 1, 2019. The full technical assessment and compliance validation is available for download here. "Through our evaluation, Coalfire determined that Egress can help organizations comply with all the applicable sections of the NYDFS regulation when the solution is properly implemented," said Nick Trenc, Director, Solution Validation, Coalfire. "Throughout the testing process, Egress demonstrated a high level of flexibility for managing access to shared data, customization and enforcement of organizational policies, and protection mechanisms used for shared data. These are critical capabilities as organizations look for comprehensive compliance solutions that integrate with their broader security programs." NYDFS 23 NYCRR 500 is part of a growing number of statewide data privacy regulations. The regulation requires financial services entities licensed to do business in New York - including more than 10,00 state-chartered banks, mortgage providers and insurance companies - to establish a risk-based security program to protect consumers' private data. After an exhaustive technical assessment, Coalfire determined that the Egress data security platform can help organizations achieve compliance by meeting specific NYDFS 23 NYCRR 500 requirements, including:
"As we saw with GDPR a year ago, smart companies don't procrastinate when it comes to compliance for major data privacy laws," said Egress Chief Revenue Officer and NA General Manager Mark Bower. "As financial organizations in New York prepare for the final push to comply with the NYDFS cybersecurity regulations, the Coalfire report provides validation and a roadmap for how Egress can help drive compliance with specific regulatory requirements." To download a complimentary version of the Coalfire report, visit: https://www.egress.com/en-US/nydfs-coalfire-report-us About Egress Software Technologies Egress helps enterprises protect unstructured data to meet compliance requirements and drive business productivity. The company's AI-powered platform enables users to control and secure the data they share. The award-winning solution provides email and document classification, accidental send prevention, email and file protection, secure online collaboration and audit and compliance reporting. Trusted by over 2,000 enterprise organizations and governments around the globe, Egress offers a seamless user experience, powerful real-time auditing and patented information rights management, all accessible via a single global identity. A privately-held company, Egress has offices in London, UK, Boston, USA, and Toronto, Canada. About Coalfire Coalfire is the trusted cybersecurity advisor that helps private and public-sector organizations avert threats, close gaps and effectively manage risk. By providing independent and tailored advice, assessments, technical testing and cyber engineering services, we help clients develop scalable programs that improve their security posture, achieve their business objectives and fuel their continued success. Coalfire has been a cybersecurity thought leader for more than 17 years and has offices throughout the United States and Europe. View source version on businesswire.com: https://www.businesswire.com/news/home/20190108005594/en/ |