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Cyber Survival Guide: Protect Your NYC Business in the Digital Battlefield as we head into 2025

  • Writer: AegisCrest
    AegisCrest
  • Dec 17, 2024
  • 4 min read

Updated: Dec 19, 2024


Your Digital Defense is Urgent

Amid New York's competitive business environment, cybersecurity transcends being merely a technology concern—it's the lifeblood of your business.


Why Cybersecurity Matters Now More Than Ever

  • 68% of small businesses face cyber threats annually

  • Average cost of a data breach: $4.45 million

  • New York's strict NYDFS Regulation 500 demands immediate action


What You Need to Know RIGHT NOW:

  1. Compliance is Not Optional The New York Department of Financial Services doesn't just suggest—they mandate comprehensive cybersecurity strategies for financial and tech businesses.

  2. Protect Your Most Valuable Asset: Your Data

  3. Nonpublic Information Protection

  4. Encryption of sensitive data

  5. Secure data transmission protocols

  6. Critical Compliance Checkpoints

  7. 72-hour cybersecurity event reporting

  8. Annual certification requirements

  9. Continuous risk assessment

  10. Incident response planning


Who Needs to Pay Attention?

  • Financial services firms

  • Tech startups

  • Small to medium enterprises

  • Any business handling sensitive information in NYC


The Real Cost of Ignoring Cybersecurity:

  • Regulatory fines

  • Potential business shutdown

  • Reputation damage

  • Financial losses

  • Legal vulnerabilities


Immediate Steps:

  • Conduct comprehensive risk assessment

  • Implement multi-factor authentication

  • Develop incident response strategy

  • Train your team

  • Review third-party vendor security


Local NYC Advantage: AegisCrest's specialized cybersecurity services are tailored specifically for New York businesses, understanding the unique regulatory landscape of the financial capital.


To help you get started, you can use the following guide to help you on your compliance journey.


Simple NYDFS Cybersecurity Checklist for Business Owners


## 1. Put Someone in Charge of Security

- [ ] Choose someone to be your security leader (called a CISO)

- This can be you, an employee, or an outside company

- They need to understand basic cybersecurity

- Example: Like having a security guard for your digital assets

- [ ] Write down their duties

- What they're responsible for

- Who they report to

- When they need to give updates


## 2. Create Basic Security Rules

- [ ] Write down rules for:

- How to keep company information safe

* Example: All company files must be password protected

- Who can access what

* Example: Only accounting staff can access financial files

- What to do if something goes wrong

* Example: Who to call if you think you've been hacked

- How to protect customer information

* Example: Credit card numbers must be encrypted


## 3. Check Your Risks

- [ ] Make a list of:

- What valuable information you have

* Customer data

* Financial records

* Business secrets

- Where you keep it

* Computers

* Cloud storage

* Paper files

- What could go wrong

* Hackers

* Lost devices

* Employee mistakes


## 4. Set Up Basic Security Tools

- [ ] Install essential protection:

- Strong passwords

* At least 12 characters

* Mix of letters, numbers, symbols

- Two-step login (like getting a code on your phone)

- Antivirus software

- Firewall

- Regular backups of important files


## 5. Check Your Outside Vendors

- [ ] For each company you work with:

- Do they handle your sensitive information?

- Do they have good security?

- Do they promise to protect your data?

- Get these promises in writing


## 6. Train Your Employees

- [ ] Show employees how to:

- Create strong passwords

- Spot fake emails (phishing)

- Keep customer information private

- Report security problems

- [ ] Keep records of who completed training


## 7. Create an Emergency Plan

- [ ] Write down what to do if:

- You discover a data breach

- A computer gets infected with virus

- Someone steals company information

- [ ] Include:

- Who to call first

- When to call the authorities

- How to tell affected customers

- How to document what happened


## 8. Regular Maintenance Tasks

- [ ] Monthly To-Do List:

- Update passwords

- Check if antivirus is working

- Back up important files

- Make sure ex-employees can't access accounts


- [ ] Every 6 Months:

- Update employee training

- Test your emergency plan

- Check if your security tools are working


- [ ] Yearly Tasks:

- Review all your security rules

- Update your risk assessment

- Check if vendors still meet security requirements

- File compliance paperwork with NY state


## 9. Keep Good Records

- [ ] Save copies of:

- Your security rules

- Training records

- Emergency plan tests

- Any security incidents

- Vendor agreements

Keep these for at least 5 years


## 10. Important Deadlines

- [ ] Mark these on your calendar:

- Yearly certification due to NY state by February 15

- Report any major security breach within 72 hours

- Update security training every 12 months

- Review all security rules once per year


## Red Flags to Watch For

- Employees sharing passwords

- Using personal email for business

- Outdated software or antivirus

- Missing backups

- Unsecured wifi networks

- Not knowing where sensitive data is stored


## Money-Saving Tips

- Use built-in security features in software you already have

- Consider cyber insurance

- Join local business groups to share security resources

- Use cloud services that include security features

- Look for free cybersecurity training resources


Remember: You don't have to do everything at once. Start with the basics:

1. Strong passwords

2. Regular backups

3. Basic security software

4. Employee training

5. Emergency plan


Then build up from there based on your business needs.



💡 Pro Tip: Compliance is Your Competitive Edge Transform cybersecurity from a cost center to a business advantage.


🚀 Limited Time Offer: Free 45-Minute Cybersecurity Strategy Session Valued at $500 - Exclusively for NYC Businesses


Contact us at info@aegiscrest.com and book your free strategy consultation today.






Disclaimer: Comprehensive guidance. Consult professionals for specific compliance strategies.

 
 
 

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