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 in response to President Biden’s Executive Order (“EO”) 14110 on Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence, which spearheaded a government-wide effort to issue Artificial Intelligence (“AI”)…
Key takeaways from March include: CNIL data security practice guide: The French DPA published an update of its data security practice guide for data protection officers, chief information security officers, computer scientists and legal experts. DPA powers to order deletion: Per a recent CJEU decision, DPAs can inquire whether personal data has been unlawfully processed and order the deletion without…
As artificial intelligence (“AI”) use and capabilities surge, a new risk is emerging for companies: AI whistleblowers. Both increased regulatory scrutiny over AI use and record-breaking whistleblower activity has set the stage for an escalation of AI whistleblower-related enforcement. As we’ve previously written and spoken about, the risk of AI whistleblowers is rising as whistleblower protections and awards expand, internal…
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…