Yearly Archives: 2024

DFS: Beware Remote Workers With North Korean Ties

Abstract: The New York State Department of Financial Services (DFS) has cautioned the businesses it regulates that some remote technology workers may be secretly acting on behalf of the North Korean government. Body: ​The New York State Department of Financial Services (DFS) has cautioned the businesses it regulates that some remote technology workers may be secretly acting on behalf of the North Korean government. DFS issued the alert in a November 1 letter.  Big I New York members who hire virtual assistants or other remote workers should take precautions to avoid hiring one of these individuals.According to the letter, information technology (IT) workers operating on behalf of…

Continue ReadingDFS: Beware Remote Workers With North Korean Ties

Big I NY Joins Consumers for Fair Legal Funding Coalition

Abstract: Big I NY is pleased to share that we have become a member of Consumers for Fair Legal Funding—a coalition that supports regulation of the lawsuit lending industry through transparency, disclosure, and limits on interest charges and fees. Body: Big I NY is pleased to share that we have become a member of Consumers for Fair Legal Funding—a coalition that supports regulation of the lawsuit lending industry through transparency, disclosure, and limits on interest charges and fees. With growing concerns around increasingly abusive practices by the third-party litigation funding industry, this is a unique opportunity to join a diverse group of organizations committed to…

Continue ReadingBig I NY Joins Consumers for Fair Legal Funding Coalition

DFS Letter: Beware of Cyber Risks From A.I.

Abstract: The New York State Department of Financial Services (DFS) has cautioned the entities it regulates to be alert to cybersecurity risks resulting from using artificial intelligence (AI) technology. Body: ​The New York State Department of Financial Services (DFS) has cautioned the entities it regulates to be alert to cybersecurity risks resulting from using artificial intelligence (AI) technology. The department also described steps for reducing those risks.DFS responded in the October 16 industry letter to questions about the cyber risks from AI and what to do about them. The letter did not add new requirements to those in the department's cybersecurity regulation. Instead, it explained…

Continue ReadingDFS Letter: Beware of Cyber Risks From A.I.