Leveraging Knowledge to Manage Your Data Risks
The New York Division of Financial Services (NYDFS) recently issued new cybersecurity guidance to assist covered entities in understanding and responding to the heightened risks posed by third party service providers (TPSP). NYDFS emphasized that covered entities must acknowledge and account for these risks and offer assistance in addressing them.
Based upon NYDFS’ enforcement activities…
On October 16, 2024, the New York Department of Financial Services (DFS) issued an Industry Letter to regulated entities entitled “Cybersecurity Risks Arising from Artificial Intelligence and Strategies to Combat Related Risks.”
The letter “is intended to be a tool to assist Covered Entities in understanding and assessing cybersecurity risks associated with the use of…
