Additional Cybersecurity Requirements of NYDFS Part 500 Take Effect Today

Our Privacy, Cyber & Data Strategy Team explores new guidance from the New York Department of Financial Services for covered entities to combat what it considers the most pressing cybersecurity risks of artificial intelligence (AI).

On October 16, 2024, the New York Department of Financial Services (“NYDFS”) issued an industry letter covering Cybersecurity Risks Arising from Artificial Intelligence and Strategies to Combat Related Risks (the “Industry Letter”).  The Industry Letter contains guidance for entities regulated by NYDFS (“Covered Entities”) in assessing and responding to cybersecurity risks related to the use […]

The post NYDFS Issues Guidance on Artificial Intelligence-related Cybersecurity Risks appeared first on Alston & Bird Privacy, Cyber & Data Strategy Blog.