On October 16, 2024, the New York Department of Financial Services (NYDFS) issued an Industry Letter that discusses the cybersecurity risks associated with the use of artificial intelligence (AI) and outlines strategies to...more
10/25/2024
/ Artificial Intelligence ,
Bad Actors ,
Covered Entities ,
Cyber Attacks ,
Cyber Crimes ,
Cybersecurity ,
Data Collection ,
Deep Fake ,
NYDFS ,
Popular ,
Risk Assessment ,
Risk Management ,
Third-Party Service Provider
On June 6, 2023, the Board of Governors of the Federal Reserve System, Office of the Comptroller of the Currency and Federal Deposit Insurance Corp. (collectively, the “Agencies”) issued final interagency guidance that...more
6/28/2023
/ Banking Sector ,
Board of Governors ,
Contract Negotiations ,
Due Diligence ,
Federal Reserve ,
Financial Institutions ,
Interagency Guidance ,
OCC ,
Risk Management ,
Termination ,
Third-Party Service Provider