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• This week the New York State Department of Financial Services (“DFS” or the “Department”) announced its final adoption of amendments to its cybersecurity regulation entitled Cybersecurity Requirements for Financial Services Companies (the “Final Rule”). 

• President Biden issued a 100-page Executive Order directing federal agencies to examine the need for new rules and guidelines for the use of artificial intelligence (AI) across many sectors of the economy, with particular attention to addressing the risks to financial stability from AI.