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Third-Party Risk Management for the EU AI Act

The EU AI Act is a landmark piece of legislation poised to reshape how organizations develop, deploy, and use AI systems worldwide. During the phased implementation stage, organizations must take action to meet compliance requirements.

DORA Compliance and Third-Party Risk Assessment

As the digital threat landscape evolves, no risk exists in a vacuum. With the increased reliance on third-party vendors, the risks organizations face from cyber threats can have impacts extending beyond the company, posing potential harm to consumers and even entire economies. To mitigate the fallout of cyber threats that arise through third-party vendors, the Digital Operational Resilience Act (DORA) is a pivotal regulation that aims to enhance information and communication technology (ICT) risk management and cybersecurity reporting through stringent oversight of third-party vendors.

CSIN Incident Response Planning

As new regulations aim at consumer and investor protections, the increased scrutiny of risk management, incident response, and business continuity planning is now a Board-level issue, and cyber event reporting and risk mitigation are crucial concerns for boards of directors across industries. How you plan to communicate risks during incident response is integral to compliant decision-making and escalation processes for CSIN reporting.

NYDFS Bolsters Cybersecurity Requirements

Effective November 1, 2023, the Part 500 amendment to the NYDFS Cybersecurity Regulation (23 NYCRR 500) is a new set of cybersecurity requirements for all covered financial institutions. The NYDFS bolsters cybersecurity requirements through a series of changes that address both the advancements of the cybersecurity threat landscape as well as increased opportunities for organizations to protect themselves.