Last month, the New York State Department of Financial Services (“DFS”), which has broad regulatory powers over financial services-related entities and insurance companies operating in New York State, published guidance...more
11/6/2024
/ Artificial Intelligence ,
Covered Entities ,
Cybersecurity ,
Data Management ,
Financial Institutions ,
Financial Services Industry ,
New York ,
NYDFS ,
Risk Assessment ,
Social Engineering ,
Third-Party ,
Training ,
Unauthorized Access
The SEC kicked off its fiscal year by bringing enforcement actions focused on AI and cyber disclosures. As discussed in more detail below:
•These actions again show SEC Enforcement prioritizing “hot button” issues like AI...more
On September 23, 2024, the Department of Justice updated its guidance on the Evaluation of Corporation Compliance Programs to include questions specifically focused on companies’ use and implementation of artificial...more