The New York State Department of Financial Services (DFS) issued new guidance to help DFS-regulated entities address and combat cybersecurity risks arising from artificial intelligence (AI).
“AI 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,” DFS Superintendent Adrienne A. Harris said in a Wednesday (Oct. 16) press release. “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 ever-changing digital landscape.”
The guidance does not impose new requirements, according to the release. Instead, it helps DFS-regulated institutions meet their existing obligations under cybersecurity regulations.
Under these regulations, institutions assess and address their cybersecurity risks, including those arising from AI, and deploy multiple layers of security controls with overlapping protections so that if one control fails, others are in place to…
