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Attention all NYAMB Members
In an effort to keep you informed of recent regulatory updates that may impact you, we are forwarding the following information sent out by the NYSDFS today.
To: All DFS-Regulated Entities
Date: October 16, 2024
Subject: Notice on Guidance to Address Cybersecurity Risks Arising from Artificial Intelligence
Today, the New York State Department of Financial Services (DFS or the Department) issued new guidance to help New York’s financial services sector understand and assess cybersecurity risks arising from artificial intelligence (AI).
The guidance outlines specific cybersecurity risks associated with the use of AI, controls that may be used to mitigate those risks, and how such controls can be improved with the use of AI. DFS has issued this guidance with careful consideration of the valuable feedback received from cybersecurity experts and other key stakeholders.
A copy of the guidance can be found on the Department’s website.
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We will continue to keep you updated on the newest information we receive by the department on cybersecurity.
Sincerely,
Mark Favaloro
Chairman of the Board, Legislative Committee Co-Chair
New York Association of Mortgage Brokers
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