On October 16, 2024, the New York Department of Financial Services (“NYDFS”) issued guidance and strategies (“Guidance”) concerning cybersecurity risks that arise in response to the advancements in artificial intelligence (“AI”). While AI technology has, in many cases, positively impacted businesses, it has also opened the door to a myriad of opportunities for cybercriminals to infiltrate secure information systems containing Nonpublic Information (“NPI”)….
By: Saul Ewing LLP
By: Saul Ewing LLP
