On April 29th, 2024, Debevoise partner Erez Liebermann were joined in conversation with Todd Conklin, the Chief Artificial Intelligence Officer and Deputy Assistant Secretary of Cyber at the U.S. Department of the Treasury. They discussed the recent report by the U.S. Department of the Treasury on “Managing Artificial Intelligence-Specific Cybersecurity Risks in the Financial Sector.” If you were unable to…
Online customer service chatbots have been around for years, allowing companies to triage customer queries with pre-programmed responses that addressed customers’ most common questions. Now, Generative AI (“GenAI”) chatbots have the potential to change the customer service landscape by answering a wider variety of questions, on a broader range of topics, and in a more nuanced and lifelike manner. Proponents…
On April 22, 2024, Luke Dembosky, Erez Liebermann, HJ Brehmer, and Stephanie Thomas from our Data Strategy and Security Group hosted the next installment of our Data Security Webcast, where they delved into the Cybersecurity and Infrastructure Security Agency (“CISA”) notice of proposed rulemaking (“Proposed Rule”) for reporting requirements for critical infrastructure entities that experience covered cybersecurity incidents developed pursuant…
Adding to the growing number of cybersecurity incident reporting obligations, the Cybersecurity and Infrastructure Security Agency (“CISA”) has introduced a reporting requirement that will impact all critical infrastructure sectors, featuring highly detailed reporting duties that necessarily will require covered entities to maintain asset inventories, along with subpoena power and criminal enforcement authority. Back in March 2022, President Biden signed the…
Many public companies are starting to face increased risks of securities class action litigation based on statements about their use of AI that are alleged to have been false or misleading. We have previously written about the legal risks that companies face if they oversell the capabilities of their AI systems, which is known as “AI washing.” In particular, the…