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Kate Hanniford

President Biden Signs First National Security Memorandum Focused on AI

October 27, 2024 By Kim Peretti, Kate Hanniford and Daniel Felz

On October 24, 2024, President Biden signed the first-ever National Security Memorandum (“NSM”) focused on artificial intelligence (“AI”), pursuant to subsection 4.8 of Executive Order 14110. The NSM provides guidance on developing, employing, and strengthening AI usage within the federal government. The NSM outlines three main objectives which serve as guideposts in directing the U.S. […]

Filed Under: AI, Artificial Intelligence, National Security Tagged With: AI, Artificial Intelligence, National Security

NYDFS Issues Guidance on Artificial Intelligence-related Cybersecurity Risks

October 17, 2024 By Kim Peretti, Kate Hanniford, Ashley Miller, Lance Taubin and Colton Jackson

On October 16, 2024, the New York Department of Financial Services (“NYDFS”) issued an industry letter covering Cybersecurity Risks Arising from Artificial Intelligence and Strategies to Combat Related Risks (the “Industry Letter”).  The Industry Letter contains guidance for entities regulated by NYDFS (“Covered Entities”) in assessing and responding to cybersecurity risks related to the use […]

Filed Under: AI, Cybersecurity, NYDFS

NYDFS Releases Industry Letter on the Use of Self-Service Password Reset Feature

January 23, 2024 By Kim Peretti, Kate Hanniford, Lance Taubin, Ashley Miller and Colton Jackson

On January 12, 2024, the New York State Department of Financial Services (“NYDFS”) released a new Industry Letter on the use of self-service password reset (“SSPR”) services, which enable users to reset their own password without the assistance of help desk or IT professionals. The Industry Letter discusses the risks associated with the use of […]

Filed Under: Cyber Risk, Cybercrime, Cybersecurity, Digital Crimes Tagged With: Cybersecurity, SSPR

NYDFS Releases Consent Order in First Enforcement Action Brought Under the Cybersecurity Regulations

December 18, 2023 By Kate Hanniford, Lance Taubin, Ashley Miller and Kristen Bartolotta

After a three-year investigation/enforcement action by the New York Department of Financial Services (“NYDFS”), NYDFS entered into a Consent Order with a large title insurer (the “Company”) for its violation of NYDFS’s Cybersecurity Regulation (23 NYCRR Part 500) (the “Regulation”), specifically, its failure to protect non-public information (“NPI”). NYDFS originally brought the enforcement action in […]

Filed Under: Cybersecurity, Data Breach, Data Security, NYDFS Tagged With: Cybersecurity, Regulatory Enforcement, US State Law

Ransomware Group, in Midst of Extortion Attempt, Files Regulatory Notice with SEC

November 17, 2023 By Kim Peretti, Kate Hanniford, Alysa Austin and Lance Taubin

Just a month before the Security and Exchange Commission’s (“SEC’s”) Material Cybersecurity Incidents Rule is set to take effect, a ransomware group has apparently taken compliance with reporting requirements into its own hands.  On November 15, 2023, the ransomware group known as BlackCat (also known as “AlphV”) posted a notice on its leak site alleging […]

Filed Under: Cybercrime, Cybersecurity, Data Security, Ransomware, SEC, Security Breach

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