As AI adoption continues to increase, businesses are looking for familiar risk management protocols for AI governance. One obvious governance framework to use is cybersecurity, which is another area where…
South Korea has become the latest country to pass a national AI law. The “Basic Act on the Development of Artificial Intelligence and Establishment of Foundation for Trust” (the “Basic…
On December 19, 2024, the U.S. Department of Treasury (“Treasury”) released a report on The Uses, Opportunities, and Risks of Artificial Intelligence in the Financial Services Sector (the “Report”). The…
On October 22, 2024, the U.S. Department of Justice (“DOJ”) announced that The Pennsylvania State University (“Penn State”), a public university in University Park, Pennsylvania, agreed to pay $1.25 million…
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…
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…
On March 27, 2024, the U.S. Department of Treasury (“Treasury”) released a report on Managing Artificial Intelligence-Specific Cybersecurity Risks in the Financial Services Sector (the “Report”). The Report was released…
On May 26, 2023, the Colorado Division of Insurance (the “DOI”) released its Revised Draft Algorithm and Predictive Model Governance Regulation (the “Revised Regulation”), amending its initial draft regulation (the…
2023 has arrived, and with it comes a novel patchwork of privacy requirements arising out of comprehensive state privacy laws that have been adopted (or amended) by legislatures in California,…
On Tuesday, March 22, Anna Gressel and Avi Gesser from our Data Strategy and Security Group and Tigist Kassahun of our M&A and Corporate IP practices hosted a timely discussion on emerging…