DFS Superintendent Adrienne A Harris Issues New Guidance to Address Cybersecurity Risks Arising from Artificial Intelligence Department of Financial Services
p
ppNew York State Department of Financial Services DFS Superintendent Adrienne A Harris today issued new guidance to assist regulated entities in addressing and combating cybersecurity risks arising from artificial intelligence The guidance builds on the Departments ongoing work to protect New Yorkers and DFSlicensed entities from cybersecurity risks through its nationleading cybersecurity regulation 23 NYCRR Part 500 and follows recently adopted DFS guidance to combat discrimination by insurers using artificial intelligence ppAI has improved the ability for businesses to enhance threat detection and incident response strategies while concurrently creating new opportunities for cybercriminals to commit crimes at greater scale and speed said Superintendent Harris New York will continue to ensure that as AI enabled tools become more prolific security standards remain rigorous to safeguard critical data while allowing the flexibility needed to address diverse risk profiles in an everchanging digital landscapeppDFSregulated institutions must assess and take appropriate steps to address their cybersecurity risks including evolving risks arising from AI Consistent with the Departments cybersecurity regulation this guidance takes a riskbased approach to assist the financial services sector to better understand assess and mitigate their AIspecific cybersecurity risks including social engineering enhanced cyberattacks theft of nonpublic information and increased vulnerabilities due to supply chain dependencies ppCritically the cybersecurity measures outlined in the guidance and required by the cybersecurity regulation provide multiple layers of security controls with overlapping protections This ensures that if one control fails other controls are in place to prevent or mitigate the impact of a cybersecurity attackppThis guidance does not impose new requirements it helps DFSregulated institutions meet their existing obligations in the Departments cybersecurity regulation in light of evolving risks from AIppA copy of the guidance can be found on the Departments website Additional cybersecurity resources can be found on the Departments Cybersecurity Resource Center pp p
ppNew York State Department of Financial Services DFS Superintendent Adrienne A Harris today issued new guidance to assist regulated entities in addressing and combating cybersecurity risks arising from artificial intelligence The guidance builds on the Departments ongoing work to protect New Yorkers and DFSlicensed entities from cybersecurity risks through its nationleading cybersecurity regulation 23 NYCRR Part 500 and follows recently adopted DFS guidance to combat discrimination by insurers using artificial intelligence ppAI has improved the ability for businesses to enhance threat detection and incident response strategies while concurrently creating new opportunities for cybercriminals to commit crimes at greater scale and speed said Superintendent Harris New York will continue to ensure that as AI enabled tools become more prolific security standards remain rigorous to safeguard critical data while allowing the flexibility needed to address diverse risk profiles in an everchanging digital landscapeppDFSregulated institutions must assess and take appropriate steps to address their cybersecurity risks including evolving risks arising from AI Consistent with the Departments cybersecurity regulation this guidance takes a riskbased approach to assist the financial services sector to better understand assess and mitigate their AIspecific cybersecurity risks including social engineering enhanced cyberattacks theft of nonpublic information and increased vulnerabilities due to supply chain dependencies ppCritically the cybersecurity measures outlined in the guidance and required by the cybersecurity regulation provide multiple layers of security controls with overlapping protections This ensures that if one control fails other controls are in place to prevent or mitigate the impact of a cybersecurity attackppThis guidance does not impose new requirements it helps DFSregulated institutions meet their existing obligations in the Departments cybersecurity regulation in light of evolving risks from AIppA copy of the guidance can be found on the Departments website Additional cybersecurity resources can be found on the Departments Cybersecurity Resource Center pp p
