In this episode of The Consumer Finance Podcast, Chris Willis is joined by partner Kim Phan to discuss the latest cybersecurity guidance from the New York Department of Financial Services (NYDFS) regarding artificial intelligence (AI). Published on October 16, these guidelines address the growing cybersecurity threats posed by AI and provide information on how financial institutions can mitigate these risks. Kim and Chris delve into the details of the guidelines, including risk assessment expectations, the importance of Learn more +
In this episode of The Consumer Finance Podcast, Chris Willis is joined by partner Kim Phan to discuss the latest cybersecurity guidance from the New York Department of Financial Services (NYDFS) regarding artificial intelligence (AI). Published on October 16, these guidelines address the growing cybersecurity threats posed by AI and provide information on how financial institutions can mitigate these risks. Kim and Chris delve into the details of the guidance, including risk assessment expectations, the importance of monitoring AI use, and practical steps to improve cybersecurity measures. They also highlight the dual perspective of AI risks from external threats and internal vulnerabilities, and discuss the potential benefits of integrating AI into cybersecurity strategies. Tune in to gain a comprehensive understanding of how to navigate these new guidelines and stay ahead of the evolving cybersecurity landscape. See less –
