On October 16, the New York Department of Financial Services (DFS) issued a circular letter addressing cybersecurity risks related to the increasing use of artificial intelligence (AI) in relation to insurers, insurance...more
10/24/2024
/ Artificial Intelligence ,
Banks ,
Cyber Attacks ,
Cybersecurity ,
Deep Fake ,
Email ,
NYDFS ,
Phishing Scams ,
Policies and Procedures ,
Regulatory Standards ,
Risk Assessment ,
Third-Party Service Provider
The New York State Department of Financial Services (DFS) has set forth a revised proposed second amendment to 11 NYCRR Part 500, the regulation regarding cybersecurity requirements for financial services companies (the...more
The New York Department of Financial Services (DFS) became the first US financial regulator to issue climate-related guidance intended to require insurers to manage the complex financial risks of climate change.
The...more