Tag Archives: Parker Eudy

The Future of AI Regulation: The FTC’s New Guidance on Using AI Truthfully, Fairly, and Equitably

by Avi Gesser, Anna R. Gressel, and Parker C. Eudy

This post is Part IV of a five-part series by the authors on The Future of AI Regulation. For Part I, discussing U.S. banking regulators’ recent request for information regarding the use of AI by financial institutions click here. For Part II, outlining key features of the EU’s draft AI legislation, click here. For Part III, discussing new obligations for companies under the EU’s draft AI legislation, click here.

In this installment, we discuss the Federal Trade Commission’s (“FTC”) recent blog post entitled “Aiming for truth, fairness, and equity in your company’s use of AI,” which was released on April 19, 2021.

Continue reading →

Effective Access Controls, Timely Breach Notification, and Other Takeaways from the Latest NYDFS Cyber Resolution

by Luke Dembosky, Jeremy Feigelson, Avi Gesser, Jim Pastore, Johanna Skrzypczyk, Christopher S. Ford, Parker Eudy, and Mengyi Xu

On April 14, 2021, the New York State Department of Financial Services (the “DFS”)  announced that its cyber-enforcement action against National Securities Corporation (“National Securities”) has been resolved by a Consent Order (PDF: 550 KB) that imposes a $3 million penalty. This is the latest step in the DFS’s very active cyber-enforcement agenda. The charges against First American Title Insurance Company are pending with an August 16 hearing date, and last month, the DFS reached its first full cybersecurity resolution with Residential Mortgage Services.

Continue reading →