NYDFS Highlights Strategies to Combat AI Cybersecurity Risks

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The increased use of artificial intelligence (AI) in the banking, insurance, and financial services industries has led the New York State Department of Financial Services (NYDFS or Department) to publish an Industry Letter on October 16, 2024, that highlights cybersecurity risks resulting from the use of AI, the dangers posed by threat actors utilizing AI, and strategies to address these concerns (the Guidance)….
By: Akerman LLP – Health Law Rx
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