NYDFS Speaks Out OnAIAnd Its Cybersecurity Risks- New Technology - Mondaq
The New York Department of Financial Services ("NYDFS") recently published guidance on managing cyberrisksrelated to AI for the financial …
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Bracing For NewAI-Fraud Risks- White Collar Crime, Anti-Corruption & Fraud - Mondaq
Compliance officers spend lots of time these days worrying about how their own company's use ofartificial intelligencemight draw the ire of …
Artificial Intelligence In Consumer Lending: AddressingAI-Related Risks
Over the last several decades, banks have increasingly used algorithms to assist with underwriting consumer loans. Incorporating more data than …
NY Department Of Financial Services ReleasesAICybersecurity Guidance
The rest of the guidance discusses how AI risksmay affect the existing requirements under Part 500. Covered entities should consider AI threatsas …
UsingAIFor Routine Workplace Tasks Comes With Significant Risks- Mondaq
Mondaq...AI without having human checks and balances in place to mitigaterisks. Employees, meanwhile, can still take solace in the fact that, while AI may …
HowAIIs Changing Sales And Customer Service Teams - Mondaq
...AI hallucination s, responses containing false or misleading information. However, using AI to help you overcome writer's block or draft a reply to …
NY DFS Issues Guidance OnAICyber Risk- New Technology - Mondaq
AICyber Risks. As noted by NY DFS,AI has increased cybersecurityrisksof organizations in several ways. First, threat actors are using AI tools …
NYDFS Issues Letter Highlighting Cybersecurity Risks OfAI- New Technology - Mondaq
...risksposed byartificial intelligence(AI). This non-binding guidance letter does not impose any new requirements but instead highlights AI …
Geopolitics,AIAdoption, Climate Risk Worrying European Firms - Mondaq
Stephan Swinkels, Jan-Ove Becker and Deborah Margolis discuss findings from Littler's 2024 European Employer Survey Report …
OMB Issues New Guidance On Acquisition OfAIIn The Federal Government - Mondaq
Managing AI Risks and Performance: Recognizing that "AI poses novel types of risk," the memorandum supplements existing risk management requirements …
Markets & InvestmentGovernment & Public SectorGovernance & Risk Management
Patentability Risks Posed ByAIIn Drug Discovery - Mondaq
Drug development has become more expensive over time, with costs doubling every nine years.3.Artificial intelligence("AI") can potentially address …
DOJ Revises Its Evaluation Of Corporate Compliance Policy To Consider How Companies ...
These changes direct prosecutors to look at how corporations safeguard against therisksof emerging technologies, such as AI, and how corporations …
IsAIPutting Your Closely Held Business AtRisk? - New Technology - Mondaq
...AI can present unexpected legal, reputational and practicalrisks. We will consider three real-world AI use cases that illustrate thesehazards …
IsAIPutting Your Organization AtRisk? - New Technology - Mondaq
...hazardsfor organizations, along with solutions to help leverage AI safely and effectively. How to Minimize Risksfor 3 CommonAIUses. Three common …
Addressing The Hurdles To WidespreadAIAdoption - New Technology - Mondaq
Led by Buchanan's Advanced Technology Group Leader Patrick Keane, the discussion centered onrisksand challenges associated with the adoption of AI, …
From Code To Compliance: Essential Steps To Adapt To Colorado's NewAILaw - Mondaq
SB205 will take effect on February 1, 2026, and regulates the use of certain high-risk artificial intelligence(AI) systems. United States Colorado …
NIST'sAIGuidance & Toolkits For U.S. Companies - New Technology - Mondaq
... risks posed by AI. NIST's AI Risk Management Framework (AI RMF): A Voluntary but Essential Tool. NIST has been at the forefront of developing …
EU Geopolitical Risk Update Key Policy & Regulatory Developments - Mondaq
On 23 July 2024, competition authorities for the EU, UK, and US released a Joint Statement on Competition in GenerativeAIFoundation Models and …
C-Suite Executives Are Advancing Workplace GenerativeAIPolicies AsRisks Mount, Littler ...
Littler, the world's largest employment and labor law practice representing management, has released its 2024AIC-Suite Survey Report, …
DOJ Stresses AI Risk And Whistleblower Protection In Revised Corporate Compliance Guidance
On Monday, September 23, DOJ's Criminal Division announced updates to its guidance for evaluating corporate compliance programs ("ECCP") …
DOL Offers Steps For Employers To Promote Inclusive Hiring WithAITools - Mondaq
...risksof using AI in recruiting and hiring. The voluntary framework is designed to help employers useAI-enabled hiring technologies in a way that …
FTC Staff Report Warns Of Privacy Risks In Social Media Companies'AIPractices - Mondaq
The companies' "use of personal information by algorithms, data analytics, or AI raises privacy and other concerns," including potentialrisksand …
Putting The "AI" In Compliance—DOJ Updates Its Corporate Compliance Program Guidance ...
Managing emergingrisksand technologies: The updated ECCP directs prosecutors to consider whether companies are assessing and mitigating against the …
Regulating Generative Artificial Intelligence: Balancing Innovation And Risks(Updated)
AIRegulation in Canada · Establish measures to identify, assess and mitigaterisksof harm or biased output that could result from the use of the …
Managing GenAIRisk: Takeaways From NIST's Guidance On Responsible Gen AI Implementation
We all know organizations' use of technology with generativeAI(Gen AI) components has surged over the past year, jumping to 72% according to one …
Managing AI Risk- New Technology - Mondaq
In 2017, when blockchain was the new shiny thing, a little-known micro-cap stock, Long Island Iced Tea Corp., changed its name to Long Blockchain …
NIST Releases Updated Draft Guidance For Federal Agencies' Use OfAIIn Identity ...
The revised draft guidance puts forth arisk-mitigating framework and requirements for "identity proofing and authentication of users (such as …
Part 22: Guidelines For Using Artificial Intelligence In Financial Institutions (FINMA)
Mondaq"Supervisory expectations" and controls · Clear roles and responsibilities as well asriskmanagement processes must be defined and implemented. · When …
Artificial Intelligence (AI)Risks And Opportunities: AI Insights Series From McCarthy Tétrault'
Along with these opportunities come inherent legalrisksthat you need to consider when incorporating AI in your day-to-day operations. Featuring …
Europe'sAIAct takes effect: What Australian businesses need to know for their use of AI
TheAIAct regulatesAISystems depending on the level ofriskassociated with theAISystem. There are four levels ofrisk– "unacceptablerisk", " …