Charu A. Chandrasekhar – Page 5 – Debevoise Data Blog

Artificial Intelligence

Webcast – Tips on Managing Cybersecurity Risks Arising from AI – New Guidance from the NYDFS

By: Charu A. Chandrasekhar, Luke Dembosky, Avi Gesser and Erez Liebermann October 30, 2024

On November 8th, Avi Gesser, Luke Dembosky, Erez Lieberman, and Charu Chandrasekhar from the Debevoise Data Strategy and Security Group discussed the recent NYDFS Industry Letter providing guidance on assessing…

Enforcement

SEC Charges Four Companies for Misleading Cyber Disclosures

By: Andrew J. Ceresney, Charu A. Chandrasekhar, Luke Dembosky, Erez Liebermann, Benjamin R. Pedersen, Julie M. Riewe, Matt Kelly, Anna Moody, Kelly Donoghue, Ciera Mandelsberg and Noah L. Schwartz October 28, 2024

On October 22, 2024, the U.S. Securities and Exchange Commission (the “SEC”) announced settled charges in separate actions against four technology companies—Avaya Holdings Corp. (“Avaya”), Check Point Software Technologies Ltd.…

Artificial Intelligence

Managing Cybersecurity Risks Arising from AI – New Guidance from the NYDFS

By: Charu A. Chandrasekhar, Luke Dembosky, Avi Gesser, Erez Liebermann, Johanna Skrzypczyk, Marshal Bozzo, Mengyi Xu and Ned Terrace October 20, 2024

On October 16, 2024, the New York Department of Financial Services (the “NYDFS”) issued an Industry Letter providing guidance on assessing cybersecurity risks associated with the use of AI (the…

Debevoise Data Portal

Debevoise Named a Finalist for the FT Innovative Lawyers North America Awards

By: Charu A. Chandrasekhar, Luke Dembosky, Avi Gesser, Erez Liebermann and Jim Pastore October 18, 2024

Debevoise & Plimpton LLP has been shortlisted for the Financial Times’ Innovative Lawyers North America awards in the “Innovation in New Services to Manage Risk” category. The firm was selected for its global…

Cybersecurity

Internal Accounting Controls Claim Rejected in SolarWinds Case

By: Andrew J. Ceresney, Charu A. Chandrasekhar, Luke Dembosky, Erez Liebermann, Benjamin R. Pedersen, Julie M. Riewe, Paul Rodel, Matt Kelly, Anna Moody, Alice Gu and Talia Lorch July 23, 2024

On July 18, 2024, in the landmark SEC v. SolarWinds Corp. case, U.S. District Judge Paul Engelmayer dismissed the majority of the claims brought by the U.S. Securities and Exchange Commission (the…

Artificial Intelligence

FINRA Issues Brief Reminder on Managing Generative AI Risk in Supervisory Tools

By: Charu A. Chandrasekhar, Avi Gesser, Matt Kelly, Jeff Robins and Kristin Snyder July 1, 2024

While the SEC made an early foray into proposing rules to govern use of generative AI (Gen AI) by broker-dealers,[1] FINRA has been taking a more traditional approach to emergent…

Cybersecurity

Incident Response Plans Are Now Accounting Controls? SEC Brings First-Ever Settled Cybersecurity Internal Controls Charges

By: Andrew J. Ceresney, Charu A. Chandrasekhar, Luke Dembosky, Avi Gesser, Erez Liebermann, Benjamin R. Pedersen, Julie M. Riewe, Matt Kelly, Anna Moody and Andreas A. Glimenakis June 20, 2024

In an unprecedented settlement, on June 18, 2024, the U.S. Securities & Exchange Commission (the “SEC”) announced that communications and marketing provider R.R. Donnelley & Sons Co. (“RRD”) agreed to…

Artificial Intelligence

SEC Targets AI Washing in Private Capital Markets: “Old School Fraud Using New School Buzzwords”

By: Andrew J. Ceresney, Charu A. Chandrasekhar, Avi Gesser, Julie M. Riewe, Kristin Snyder, Matt Kelly and Suchita Mandavilli Brundage June 14, 2024

On June 11, 2024, the U.S. Securities and Exchange Commission (“SEC”) filed its third matter this year involving “AI washing”—namely, alleged misstatements or omissions by securities market participants about the…

Cybersecurity

The SEC Adopts Significant Cybersecurity Amendments to Reg S-P

By: Charu A. Chandrasekhar, Luke Dembosky, Avi Gesser, Erez Liebermann, Sheena Paul, Marc Ponchione, Julie M. Riewe, Jeff Robins, Kristin Snyder, Anna Moody, Johanna Skrzypczyk, Suchita Mandavilli Brundage and Ned Terrace May 17, 2024

On May 16, 2024, the SEC adopted amendments to Regulation S-P (“Reg S-P”) one year after its proposed amendments (the “Proposed Amendments”). The finalized amendments (“Amended Reg S-P”) largely track…