... The New York State Department of Financial Services on Wednesday issued a new guidance document that advises the entities it regulates to monitor and assess risks from AI-enabled tools, as part of the agency’s existing cybersecurity regulation. The department said financial-services firms need to better understand AI-related risks, including from social engineering, cyberattacks and the theft of nonpublic information.
The state regulator said the 11-page guidance document didn’t impose new requirements but was just the latest installment in the department’s efforts to rein in the risks from AI tools. The department also recently adopted new guidance targeting discrimination by insurers through the use of AI. ...
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