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Leib discusses some alarming cybersecurity statistics, including a 7% weekly increase in global cyber attacks and the fact that law firms and insurance companies face over 1,200 attacks per week on average. Law firms spend a great deal of time and money on security measures. Believe it or not, it’s still about data.
Service Provider Oversight Under Amended Reg S-P, Covered Institutions’ incident response programs must include policies and procedures “reasonably designed to require oversight, including through duediligence on and monitoring, of service providers,” including to ensure the Covered Institution meets its customer notification requirements.
Leib discusses some alarming cybersecurity statistics, including a 7% weekly increase in global cyber attacks and the fact that law firms and insurance companies face over 1,200 attacks per week on average. Law firms spend a great deal of time and money on security measures. Believe it or not, it’s still about data.
Additional risks highlighted by respondents involve inconsistent incident response times, operational disruptions, and lack of transparency into how AI models function, which complicates firms ability to assess and manage risks effectively. Inconsistent StateLaws. Follow AI Regulatory Developments.
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