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ARTICLE · 28 OCTOBER 2024

Privacy, Cyber & Data Strategy Advisory: NYDFS Issues Guidance On Artificial Intelligence-Related Cybersecurity Risks

Alston & Bird LLP
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Our Privacy, Cyber & Data Strategy Team explores new guidance from the New York Department of Financial Services for covered entities to combat...

BelgiumTechnology
Kimberly Kiefer Peretti
Kimberly Kiefer Peretti
Katherine Doty Hanniford
Katherine Doty Hanniford
Ashley Miller
Ashley Miller
Lance Taubin
Lance Taubin
Colton Jackson
Colton Jackson

Executive Summary

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).

  • Address risks posed by AI in the covered entities' risk assessments, including the risks from the covered entities' own use of AI, AI used by third-party service providers and vendors, and potential vulnerabilities in AI applications
  • Consider cybersecurity risks associated with threat actors' use of AI and tailor a cybersecurity program to address these risks
  • Develop incident response and business continuity and disaster recovery plans to consider AI-related risks

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