Center on Transnational Business and the Law的动态

A New Era of Cyber Accountability in the US Finance Markets Integrating AI into financial markets and increasing cybersecurity standards bring both opportunities and challenges. Recent actions by the SEC and NYDFS, followed by the recent Executive Order, highlight the growing regulatory focus on?AI-driven cybersecurity risks?and?corporate transparency. ?? The SEC charged four companies for failing to disclose cybersecurity vulnerabilities stemming from the SolarWinds compromise, emphasizing the?importance of transparency and accountability?in managing cyber risks. ?? The NYDFS released detailed guidance for financial institutions, urging?AI-specific risk assessments?and stronger governance frameworks to tackle evolving threats. ?? In his final days in office, President Biden?issued an executive order emphasizing robust cybersecurity standards and AI in threat detection to strengthen the nation's cybersecurity. As AI reshapes industries, aligning with these regulatory developments is not just about compliance—it’s about?building trust, safeguarding data, and ensuring resilience?in a rapidly changing digital landscape. Here are our two cents on embracing this pivotal moment to set a new standard for cybersecurity in the age of AI as the Center on Transnational Business and the Law with Professor Don Scott De Amicis.?? #Cybersecurity #AI #Regulation #Innovation #FinancialMarkets