News & Analysis as of

Third-Party Risk Cybersecurity Data Management

NAVEX

Artificial Intelligence and Compliance: Preparing for the Future of AI Governance, Risk, and Compliance 

NAVEX on

Artificial Intelligence has rapidly moved from theoretical to transformational, profoundly changing how businesses operate across industries. While the benefits of AI, particularly Generative AI (genAI), are monumental, these...more

Paul Hastings LLP

NYDFS Issues AI Industry Letter

Paul Hastings LLP on

On October 16, 2024, the New York Department of Financial Services (NYDFS) issued an industry letter entitled “Cybersecurity Risks Arising from Artificial Intelligence and Strategies to Combat Related Risks” in response to...more

Troutman Pepper Locke

New York Department of Financial Services Issues New Guidance on Cybersecurity Risks Arising from Artificial Intelligence

Troutman Pepper Locke on

On October 16, the New York State Department of Financial Services (NY DFS) issued an industry letter to entities regulated by NY DFS (covered entities) providing guidance addressing the cybersecurity risks associated with...more

Society of Corporate Compliance and Ethics...

Chris Ford on Compliance and Cloud Computing

While organizations have increasingly embraced cloud computing as a solution to their data management and other needs, they do so in an environment of heightened risks. Attacks on cloud providers are increasing, which makes...more

Bilzin Sumberg

A Hard Lesson from the Colonial Pipeline Ransomware Attack

Bilzin Sumberg on

In the immediate aftermath of the May 7, 2021 Colonial Pipeline ransomware attack, the focus, naturally, is on the rush to get the pipeline back on line after identifying and patching any vulnerabilities that caused the...more

Thomas Fox - Compliance Evangelist

Day 17 of One Month to More Effective Continuous Improvement-Financial Health Monitoring

Continuous improvement can take many ways, shapes and forms. Typically, when it comes to third-party risks, a Chief Compliance Officer (CCO) or compliance professional will consider the ownership structure to see if there is...more

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