The New York Department of Financial Services (DFS) has issued an Industry Letter on the risks arising from artificial intelligence (AI).
The letter aims to assist regulated entities in understanding and assessing cybersecurity risks related to AI and providing strategies to mitigate those risks.
It highlights risks such as AI-enabled social engineering, AI-enhanced cybersecurity attacks, and exposure or theft of nonpublic information.
The guidance suggests implementing controls and measures such as risk assessments, vendor management, access controls, and cybersecurity training.