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November 1, 2025: Financial Institutions Must Meet NYDFS 500.13 Compliance on Asset Management and Data Retention
The New York Department of Financial Services (NYDFS) has updated its cybersecurity legislation, and financial institutions need to comply with Section 500.13 by November 1, 2025. This regulation requires institutions to set clear policies and procedures for managing assets and securely handling non-public data. That includes creating a detailed asset inventory and ensuring proper data disposal.
TLDR
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NYDFS 500.13 Deadline: Financial institutions must comply by November 1, 2025.
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Key Requirement: Maintain an updated asset inventory and securely dispose of sensitive data—Workwize centralizes your asset tracking and automates secure data disposal.
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Avoid Compliance Risks: Non-compliance can lead to audits, penalties, and disruptions.
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Simplified Asset Management: Workwize automates asset updates, validation, and lifecycle tracking, reducing IT workload and errors.
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Review hardware requirements and send necessary gear
Therefore, implement a notification system to alert IT teams about all new hires and share with them information as to their role and department. Doing so enables IT to get to work right away and prepare the necessary gear and information that new hires need as quickly as possible to be sure items don’t arrive late.
Why Financial Institutions Trust Workwize
Workwize simplifies compliance so you can focus on running your business. With our unified platform, you get:
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Full Asset Visibility: Know where every asset is, at all times.
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Reduced Risk: Eliminate manual errors and ensure compliance.
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Operational Efficiency: Automate tasks, save time, and reduce IT workload.
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Audit-Readiness: Always be prepared for regulatory reviews with clean, reliable data.
Meet NYDFS 500.13 Compliance with Confidence
Staying compliant with NYDFS 500.13 doesn’t have to be complicated. Workwize makes it easy to track assets, automate updates, and securely handle sensitive data—all in one place.
Want to see how Workwize simplifies compliance for financial institutions?
Book a Demo and let us show you how Workwize keeps you audit-ready and stress-free.
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November 1, 2025: Financial Institutions Must Meet NYDFS 500.13 Compliance on Asset...
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November 1, 2025: Financial Institutions Must Meet NYDFS 500.13 Compliance on Asset...
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November 1, 2025: Financial Institutions Must Meet NYDFS 500.13 Compliance on Asset...
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