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NY DFS’s new MFA guidance: closing common gaps before the next exam

Photo of Ji Won Kim (US)Photo of Susan Ross (US)
By Ji Won Kim (US) & Susan Ross (US) on March 23, 2026

Multi‑factor authentication (MFA) is now a well-established baseline cybersecurity control. The amended New York Department of Financial Services (NY DFS) solidified that understanding and expanded MFA requirements under 23 NYCRR Part 500 (the NY DFS…

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