Achieving NYDFS Compliance

Industry: Financial Services

Challenge: Meeting NYDFS 500.16 compliance while ensuring operational resilience.

Solution: Elastio Ransomware Recovery Assurance Platform.

Impact: Compliance achieved, vault integrity strengthened, customer trust reinforced.

“Elastio has been a game changer. It’s not just about meeting NYDFS compliance—it’s about knowing we’re truly prepared to protect our business and our customers.”
— CIO

Securing Compliance & Resilience in Financial Services

The financial services industry operates under relentless pressure. Companies must not only maintain flawless operational resilience but also comply with stringent regulatory frameworks such as the New York Department of Financial Services (NYDFS) Section 500.16, which requires verified, ransomware-free recovery strategies.

To strengthen its security posture, a leading financial services provider adopted a secure data vaulting strategy—moving immutable, encrypted backups into a secure bunker account with least-privilege access. This was designed to ensure safe recovery in the event of a ransomware attack.

But there was a critical gap: Backups were not validated for data integrity before entering the vault.

This left the company exposed to serious risks:

• Regulatory Non-Compliance – A single misstep could trigger penalties of up to $250,000 per violation per day.
• Compromised Vault Effectiveness – If ransomware-infected backups were stored, the vault could fail when needed most.
• Operational & Customer Impact – Recovery delays would disrupt financial operations, damage reputation, and erode customer trust.

In short, the company had built a bunker—but couldn’t guarantee it was truly safe.

Why Elastio?

The company’s backup provider recommended the Elastio Ransomware Recovery Assurance Platform as the missing piece to close this gap.

With Elastio, the company gained the confidence that its vaulting strategy was not only secure, but also compliant, verifiable, and resilient against evolving ransomware threats.

Key Capabilities

• Proactive Backup Validation
  Every backup was inspected for ransomware before entering the secure data vault, ensuring only clean, compliant data was stored.
• Restore Testing for Compliance
  Annual revalidation of backups against the latest ransomware detection models, enabling the company to meet NYDFS 500.16 requirements with confidence.
• Seamless Integration
  Elastio’s agentless platform integrated directly into existing backup workflows, enhancing the vaulting strategy without added complexity or disruption.

By verifying integrity at every stage, Elastio transformed the data vault into a reliable cornerstone of compliance and resilience.

Elastio delivered immediate and measurable results:

• NYDFS Compliance Secured
  Backup integrity was validated to meet regulatory standards, avoiding potential daily fines and strengthening the company’s compliance posture.
• Stronger Backup & Recovery Strategy
  The vault became a trusted foundation for swift, ransomware-free recovery—protecting both business operations and regulatory standing.
• Reinforced Customer Trust
  Demonstrable compliance and resilience efforts enhanced the company’s reputation as a secure and dependable financial services provider.