Regulation – Debevoise Data Blog

Artificial Intelligence

Top 10 (Well, 11) Cybersecurity Blog Posts for 2024

By: Charu A. Chandrasekhar, Luke Dembosky, Avi Gesser, Gareth Hughes, Erez Liebermann, Jim Pastore, Caroline Novogrod Swett, Marshal Bozzo, Matt Kelly, Robert Maddox, Johanna Skrzypczyk, HJ Brehmer, Stephanie Cipolla, Jackie Dorward, Melyssa Eigen, Joshua A. Goland, Martha Hirst, Karen Joo, Gabriel Kohan, Jarrett Lewis, Noah L. Schwartz, Ned Terrace, Stephanie Thomas, Annabella M. Waszkiewicz, Michiko Wongso and Mengyi Xu December 10, 2024

As we approach the end of the year, here are the Top 10 Cybersecurity posts on the Debevoise Data Blog in 2024 by page views. If you are not already…

Artificial Intelligence

CPPA Proposed Rulemaking Package Part 1 – Cybersecurity Audits

By: Avi Gesser, Matt Kelly, Johanna Skrzypczyk, HJ Brehmer, Amer Mneimneh, Ned Terrace and Mengyi Xu December 3, 2024

On November 22, 2024, the California Privacy Protection Agency (the “CPPA”) opened the formal public comment period for its recently approved formal proposed rulemaking package for annual cybersecurity audits, automated…

Cybersecurity

The EU’s Draft NIS2 Regulations: Appropriate ICT Security Measures and Serious Incident Reporting

By: Robert Maddox and Martha Hirst August 12, 2024

The European Commission has published a draft regulation containing further detail on the “technical and methodological” security measures, and cybersecurity incident reporting threshold triggers, under the incoming NIS2 directive (the…

Artificial Intelligence

Defining AI for Internal Policies – A Few Considerations and Tips

By: Avi Gesser, Matt Kelly, Melyssa Eigen and Ned Terrace July 29, 2024

When drafting policies on the use of artificial intelligence, one challenge that many businesses face is how to define AI, and relatedly, when should AI governance and compliance programs apply…

Artificial Intelligence

NYDFS Adopts Final Circular on Use of AI or External Data by Insurers

By: Eric Dinallo, Avi Gesser, Erez Liebermann, Marshal Bozzo, Johanna Skrzypczyk, Matt Kelly, Michelle Huang, Samuel J. Allaman, Melyssa Eigen and Sharon Shaji July 15, 2024

On July 11, 2024, the New York State Department of Financial Services (the “NYDFS”) adopted Insurance Circular Letter No. 7 regarding the Use of Artificial Intelligence Systems and External Consumer…

Artificial Intelligence

The EU AI Act is Officially Passed – What We Know and What’s Still Unclear

By: Avi Gesser, Matt Kelly, Robert Maddox and Martha Hirst July 12, 2024

The EU AI Act (the “Act”) has made it through the EU’s legislative process and has passed into law today; it will come into effect on 1 August 2024. Most…

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…

Artificial Intelligence

Federal Regulators Approve New Rule on AI Use and Bias Risks in Real Estate Valuation

By: Courtney M. Dankworth, Avi Gesser, Matt Kelly, Jehan A. Patterson, Michelle Huang and Karen Joo July 1, 2024

Over the last week, the Consumer Financial Protection Bureau (“CFPB”) and the Office of the Comptroller of the Currency (“OCC”) approved the Quality Control Standards for Automated Valuation Models (the…

Artificial Intelligence

Navigating Antitrust in the Age of AI: Global Regulatory Scrutiny and Implications

By: Tim Cornell, Timothy McIver, Michael Schaper, Kyra K. Bromley, Anne-Mette Heemsoth, Adam C. Saunders, Zesemaiat Debessai Corino and Alfred Scott June 20, 2024

Companies across a range of industries are increasingly incorporating artificial intelligence (“AI”) into their businesses. As with any new technology, AI presents a number of questions concerning its relation to…