NYDFS Questionnaire

Department of Financial Services requires all domestic companies to provide certain data and documentation in advance of their financial examination. The NYDFS questionnaire should take 5 to 10 minutes to complete.

NYDFS Questionnaire


First Name

Last Name

Phone Number

Company Name

Have you appointed a “Chief Information Security Officer (CISO)?

The CISO of each Covered Entity shall report in writing at least annually to the Covered Entity’s board of directors or equivalent governing body. If no such board of directors or equivalent governing body exists, such report shall be timely presented to a Senior Officer of the Covered Entity responsible for the Covered Entity’s cybersecurity program

Have your security personnel received training or instruction on the NYDFS?

Software alone cannot sufficiently counter all threats to data protection. Security personnel training should cover data processing obligations as well as the identification of breaches and risks.

Have your senior management been briefed on the NYDFS?

NYDFS compliance programme should involve senior stakeholders as it will require input from all departments

Have all staff received NYDFS awareness training?

Many staff are unaware of their contribution to protecting private information and what is expected of them. The NYDFS requires privacy awareness training to be provided to all employees

Have you reviewed and updated your privacy, and vendor management policies?

You will need to review all existing data protection and privacy policies to ensure they comply with the new requirements

Have you assessed all points of data collection to ensure that explicit consent is properly requested in each case?

The NYDFS implements more stringent requirements for obtaining consent when collecting data from individuals. Data collection will have to adhere to just-in-time notification of “reason for data collection” and communicating to data subjects “how their data will be processed” and procedures for “further engagement in terms of enhanced privacy rights.

Have you prepared, documented and communicated processes for managing subject data access requests?

Have processes been developed to allow individuals to amend or delete their personal data?

Have data retention and destruction procedures been reviewed for all data (including offline) as used by your organisation?

Have you re-assessed your suppliers and supplier contracts in relation to the NYDFS?

Have you made preparations to detect and report breaches as part of a response plan?

Have you prepared for regular compliance audits or reviews to identify and fix issues?

Have you prepared for regular compliance audits or reviews to identify and fix issues?

How can Risk Cognizance assist you?