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Third-Party Service Provider and Vendor Management The NYDFS “strongly” recommends that duediligence of third-party service providers should include diligence on the AI-related risks they pose to themselves and to the covered entities.
Indemnities : LCs should assess if a breach by a Third-Party provider of applicable personal data privacy or intellectualproperty laws could have a material adverse impact on them or their use cases, and whether their Third-Party providers have measures in place to protect or indemnify the LCs against legal actions or claims against the LCs.
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