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Samantha Davis is an associate in the Intellectual Property Practice Group in the firm's New York office and a member of the Privacy & Cybersecurity Team.

The New York Department of Financial Services (“NYDFS”) recently published guidance on managing cyber risks related to AI for the financial services and insurance industry. Though the circular letter does not introduce any per se “new” obligations, the guidance speaks to the Agency’s expectations for addressing AI within its existing cybersecurity regulations. Continue Reading NYDFS Speaks Out on AI and its Cybersecurity Risks

The SEC recently issued an order and settlement against a company from a pair of cyberattacks in which millions of dollars of client funds were stolen. While the company was able to recover a portion of the funds and ultimately reimbursed clients for the money lost, the SEC still fined the company $850,000 for failure to provide the necessary safeguards to protect its clients’ funds.Continue Reading SEC Continues its Cybersecurity Focus, Settles with Company over Lax Security Measures

In a recent blog post, the FTC again cautioned entities that hashing data does not make that data anonymous. Hashing is a process that takes a particular input, such as a phone number or email address, and uses a mathematical formula to create a different output. However, hashing does not make the output “anonymized” from the FTC’s perspective. This is because the hashing can be undone and reveal information that was initially obscured.Continue Reading #Hashtag Hashing: Still Not as Helpful as You Think!