NYDFS's AI Cybersecurity Guidance Explained: An IRM Approach for Banks Nationwide

Artificial IntelligenceCompliance
Written By Samantha "Sam" Jones

On October 16, 2024, the New York State Department of Financial Services (NYDFS) issued groundbreaking guidance addressing the cybersecurity risks of artificial intelligence (AI). The guidance highlights the dual-edged nature of AI in financial services—offering unparalleled opportunities for efficiency and growth while introducing sophisticated cyber threats. As AI technologies evolve, so do the tactics of cybercriminals, necessitating a robust and integrated approach to risk management.

Samantha "Sam" Jones

Samantha “Sam” Jones is the lead research analyst for the IRM Navigator™ series and a core contributor to The RiskTech Journal and The RTJ Bridge. As a digital editorial analyst, she specializes in interpreting vendor strategy, market evolution, and the convergence of technology with enterprise risk practices.

As part of Wheelhouse’s AI-enhanced advisory team, Sam applies advanced analytical tooling and editorial synthesis to help decode the structural changes shaping the risk management landscape.

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