On January 17, 2025, days before the inauguration, former President Joe Biden issued an executive order titled Strengthening and Promoting Innovation in the Nation's Cybersecurity (EO 14144). Building on previous efforts,...more
1/22/2025
/ Artificial Intelligence ,
China ,
Cybersecurity ,
Data Protection ,
Data Security ,
Executive Orders ,
Infrastructure ,
Internet of Things ,
National Security ,
Risk Management ,
Supply Chain
Welcome to the April-May edition of Akin Intelligence. This edition is a double header, covering both months as we prepare for the launch of our new AI Hub—a one-stop resource for AI coverage that will launch soon. Starting...more
6/14/2024
/ Artificial Intelligence ,
Bureau of Industry and Security (BIS) ,
CFTC ,
Department of Homeland Security (DHS) ,
Draft Guidance ,
Executive Orders ,
Federal Trade Commission (FTC) ,
Food and Drug Administration (FDA) ,
Know Your Customers ,
Machine Learning ,
Memorandum of Understanding ,
National Science Foundation ,
NIST ,
OMB ,
Risk Management ,
UK ,
USPTO
In May, the National Institute of Standards and Technology (NIST) issued updated recommendations for security controls for controlled unclassified information (CUI) that is processed, stored or transmitted by nonfederal...more
Key Points - Colorado's new Al law creates new obligations for developers and deployers of high-risk artificial intelligence (Al) systems. Similar to the EU Al Act, the law is risk-based and defines a "high-risk" Al system as...more
6/3/2024
/ Artificial Intelligence ,
Automated Decision Systems (ADS) ,
Bias ,
Colorado ,
Compliance ,
Disclosure Requirements ,
Governance Standards ,
High Risk Sectors ,
New Legislation ,
Penalties ,
Reporting Requirements ,
Risk Management ,
Transparency
Key Points - Colorado’s new AI law creates new obligations for developers and deployers of high-risk artificial intelligence (AI) systems. Similar to the EU AI Act, the law is risk-based and defines a “high-risk” AI system as...more
5/28/2024
/ Algorithms ,
Artificial Intelligence ,
Colorado ,
Consumer Protection Laws ,
Disclosure Requirements ,
Documentation ,
Enforcement ,
EU ,
General Data Protection Regulation (GDPR) ,
Proposed Legislation ,
Risk Assessment ,
Risk Management ,
Transparency ,
Watershed
On November 1, 2023, the New York Department of Financial Services (NYDFS) announced the adoption of amendments to its Cybersecurity Regulation 23 NYCRR Part 500 (“Amended Cybersecurity Rules” or “Amended Rules”). NYDFS...more
12/20/2023
/ Banks ,
Cybersecurity ,
Cybersecurity Framework ,
Data Protection ,
Financial Institutions ,
Financial Services Industry ,
Information Technology ,
NYDFS ,
Popular ,
Ransomware ,
Regulatory Requirements ,
Risk Management
On October 30, 2023, the Biden administration released a far-reaching executive order (EO) on the Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence (AI). The EO issues directives related to the use...more
12/4/2023
/ Artificial Intelligence ,
Biden Administration ,
Critical Infrastructure Sectors ,
Cybersecurity ,
Data Collection ,
Data Privacy ,
Data Security ,
Executive Orders ,
Legislative Agendas ,
Machine Learning ,
National Security ,
New Legislation ,
NIST ,
Personal Information ,
Popular ,
Privacy Laws ,
Regulatory Agenda ,
Regulatory Reform ,
Regulatory Requirements ,
Risk Management ,
Technology Sector
The development of artificial intelligence (AI) and particularly Generative Artificial Intelligence (GenAI) has exploded in recent years, prompting government officials including the Biden administration to call for studies...more
10/11/2023
/ Artificial Intelligence ,
Biden Administration ,
Colleges ,
Critical Infrastructure Sectors ,
Executive Orders ,
Machine Learning ,
Private Sector ,
Public Sector ,
Risk Assessment ,
Risk Management ,
Universities ,
Vulnerability Assessments
In response to the exponential growth of artificial intelligence (AI) technologies over the past few years, the United States (U.S.) Department of Commerce’s National Institute of Standards and Technology (NIST) has been...more
On May 25, 2023, the New York Department of Financial Services (NYDFS) announced that OneMain Financial Group (OneMain) will pay a $4.25 million fine pursuant to a consent order to settle alleged violations of NYDFS’s...more