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ICYMI: Proofpoint to acquire email security rival Tessian

Legal IT Insiders

US cybersecurity and compliance company Proofpoint Inc announced this week that it has entered into a definitive agreement to acquire email security rival Tessian, which applies AI to automatically detect … ICYMI: Proofpoint to acquire email security rival Tessian Read More » The post ICYMI: Proofpoint to acquire email security rival Tessian (..)

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ICYMI: Proofpoint to acquire email security rival Tessian

Legal Tech Monitor

US cybersecurity and compliance company Proofpoint Inc announced this week that it has entered into a definitive agreement to acquire email security rival Tessian, which applies AI to automatically detect.

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AI Enforcement Starts with Washing: The SEC Charges its First AI Fraud Cases

Debevoise Data Blog

These settlements are the SEC’s first-ever cases charging violations of the antifraud provisions of the federal securities laws in connection with AI disclosures, and also include the first settled charges involving AI in connection with the Marketing and Compliance Rules under the Investment Advisers Act of 1940 (“Advisers Act”).

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Risks of Overselling Your AI: The FTC is Watching

Debevoise Data Blog

The SEC examined robo-advisors’ marketing and performance advertising for compliance with the Advertising Rule. Recently, a California-based aerospace and defense contractor agreed to pay $9 million to resolve allegations that it had misrepresented compliance with cybersecurity requirements in certain federal government contracts.

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UK Financial Regulators Publish Response to AI Consultation – Seven Takeaways

Debevoise Data Blog

Seven Takeaways from the Response Paper The definition of AI is a key gating question. The definition of “artificial intelligence” has been a contentious point in multiple AI legislative processes – including the draft EU AI Act – and it appears that the UK Financial Authorities could face similar challenges.

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LegalOn Introduces Generative AI Assistant for Contract Work

Legal Tech Blog

With the power of GPT-4, the security of SOC2 compliance, and extensive training and testing by attorneys, Assistant is generative AI upgraded for legal professionals. That’s why LegalOn states that they have put security, compliance, and contract aptitude as their key priorities in building LegalOn Assistant.

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Decoding the PayPal Verdict

Ikigai Law

Financial Intelligence Unit – India, analysing the complexities surrounding the definition of ‘reporting entities’ under the Prevention of Money Laundering Act (PMLA) and its implications for fintechs. The FIU rejected these arguments and issued a show cause notice to PayPal for non-compliance. 96 lakhs on PayPal.

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