On Monday, February 12, 2024 from 11:00 am to 12:00 pm EST, Erez Liebermann and Martha Hirst from the Debevoise Data Strategy and Security Group hosted the next in the series of webcasts connected with the release of our inaugural Cybersecurity Desk Guide for Counsel. They were joined by special guests. The second webcast in the series focused on how…
We have previously written about the legal risks that companies face if they oversell the capabilities of their AI systems, known as “AI washing.” In particular, the FTC and the SEC have each recently made clear they are focused on AI washing as a priority for investigations and enforcement. First, the FTC warned businesses that it may use its authority…
The following scenario is no longer science fiction: An employee receives an email from the CEO asking her to join a video call. The CEO directs the employee to send confidential documents to a third party. The request is unusual, but the employee saw the CEO with her own eyes, so she complies. It turns out, however, that it was…
As we approach the end of the year, here are the Top 10 posts on the Debevoise FinReg and FinTech Blog in 2023. If you are not already a Blog subscriber, click here to sign up. 1. Basel III Endgame Proposal Released Over Dissent (July 28, 2023) After several years of anticipation, the Federal Reserve Board (“FRB”), Federal Deposit Insurance Corporation…
On December 19, 2023, the Federal Trade Commission (the “FTC”) announced a complaint and a proposed stipulated order against a large drugstore chain (the “Company”) in connection with the Company’s alleged unfair use of facial recognition technology in retail stores to identify persons who had previously engaged in shoplifting or other wrongful activities (the “Action”). The Action provides a roadmap…