10.17.24

Financial Firms Need to Focus On Cyber Risks Posed by AI, New York Regulator Says

by: Mengqi Sun

The New York State Department of Financial Services has issued a new guidance document that advises the entities it regulates to monitor and assess risks from artificial intelligence (AI)-enabled tools, as part of the agency's existing cybersecurity regulation. The department said financial-services firms need to better understand AI-related risks, including from social engineering, cyberattacks and the theft of private information.

Read the full article on The Wall Street Journal