On October 16, 2024, the New York Department of Financial Services (“NYDFS”) issued an industry letter covering Cybersecurity Risks Arising from Artificial Intelligence and Strategies to Combat Related Risks (the “Industry...more
The ubiquity of artificial intelligence (AI) has heightened companies’ exposure to cyberattacks of increasingly greater sophistication. Our Privacy, Cyber & Data Strategy Team explores how businesses can enhance their...more
10/2/2024
/ Artificial Intelligence ,
Cyber Attacks ,
Cyber Crimes ,
Cybersecurity ,
Cybersecurity Framework ,
Data Security ,
Deep Fake ,
Employee Training ,
Machine Learning ,
Phishing Scams ,
Risk Management
On July 11, 2024, the New York Department of Financial Services (“NYDFS”) released Insurance Circular Letter No. 7, which establishes guidelines on the use of artificial intelligence systems (“AIS”) and external consumer data...more
8/12/2024
/ Anti-Discrimination Policies ,
Artificial Intelligence ,
Discrimination ,
Enforcement Priorities ,
Insurance Industry ,
NYDFS ,
Pricing ,
Regulatory Oversight ,
Risk Management ,
Transparency ,
Underwriting ,
Vendor Contacts
On January 17, 2024, the New York State Department of Financial Services (“NYDFS”) issued a proposed circular letter for comment regarding the “Use of Artificial Intelligence Systems and External Consumer Data and Information...more