On July 29, 2024, the Standing Committee on Ethics and Professional Responsibility of the American Bar Association (“ABA”) published Formal Opinion 512, providing guidance on the ethical use of generative…
On July 11, 2024, the New York State Department of Financial Services (the “NYDFS”) adopted Insurance Circular Letter No. 7 regarding the Use of Artificial Intelligence Systems and External Consumer…
Over the last week, the Consumer Financial Protection Bureau (“CFPB”) and the Office of the Comptroller of the Currency (“OCC”) approved the Quality Control Standards for Automated Valuation Models (the…
On May 23, 2024, the U.S. Department of Housing and Urban Development (“HUD”) announced that, effective immediately, Federal Housing Administration (“FHA”)-approved Mortgagees are subject to a drastically heightened cybersecurity incident…
On March 27, 2024, the U.S. Department of Treasury (“Treasury”) released a report on Managing Artificial Intelligence-Specific Cybersecurity Risks in the Financial Services Sector (the “Report”). The Report was released…
As artificial intelligence (“AI”) use and capabilities surge, a new risk is emerging for companies: AI whistleblowers. Both increased regulatory scrutiny over AI use and record-breaking whistleblower activity has set…
On January 17, 2024, the New York State Department of Financial Services (the “NYDFS”) issued a Proposed Insurance Circular Letter regarding the Use of Artificial Intelligence Systems and External Consumer…
As we approach the end of the year, here are the Top 10 Webcasts on the Debevoise Data Blog in 2023 by page views. If you are not already a…
On Wednesday, December 13, 2023, Avi Gesser, Charu Chandrasekhar, and Michelle Huang from the Data Strategy and Security Group, and Kevin Schmidt in our Mergers & Acquisitions Group, discussed how…
On November 16, 2023, the Committee on Professional Responsibility and Conduct for the State Bar of California (“COPRAC”) provided initial recommendations regarding use of generative AI by lawyers (the “Guidance”).…