In this article: The document discusses the growing threat of deepfakes and AI-generated disinformation, and how it is becoming a major business risk. It highlights the financial and reputational risks that companies face, such as stock market manipulation, impersonation scams, and damage to customer trust. The document emphasizes the importance of building a comprehensive defense […]
AI Risk
In this article: On October 16, 2024, the New York State Department of Financial Services (DFS) issued an industry letter providing guidance on how DFS-regulated entities (covered entities) should be evaluating and responding to artificial intelligence (AI)-driven cybersecurity risks. In the letter, DFS enumerates several AI-driven cybersecurity risks, based both on the use of AI […]
In this article: As AI capabilities and applications continue to advance, the National Institute of Standards and Technology’s (NIST’s) Artificial Intelligence Risk Management Framework (AI RMF) has emerged as a vital tool for organizations to responsibly develop and use AI systems. The AI RMF was covered in the publication [Global Compliance News] shortly after NIST published the […]
In this article: Acrolinx, the AI-powered content governance software provider, sought to discover where current enterprise attitudes towards AI stand. Today, the company released its report “Generative AI in Business: A Snapshot of Enterprise Use, Risk, and Regulation.” The report surveyed Forbes Global 2000 customers including Adobe, Amazon, Siemens and more to determine what motivates enterprises […]
In this article: Anthropic, the artificial intelligence company behind the popular Claude chatbot, today announced a sweeping update to its Responsible Scaling Policy (RSP), aimed at mitigating the risks of highly capable AI systems. The policy, originally introduced in 2023, has evolved with new protocols to ensure that AI models, as they grow more powerful, […]
In this article: The author frequently discusses the risks of powerful AI. The CEO of Anthropic, the author, says the company focuses on research aimed at reducing these risks. People often mistakenly assume the writer is a pessimist or “doomer” regarding AI’s future. Contrary to this belief, the author is optimistic about AI’s potential and […]
In this article: AI data security is a top concern as artificial intelligence transforms industries like AECO, manufacturing, and media. Learn about risks, regulations, and proactive strategies companies use to ensure ethical AI development and safeguard sensitive data. Artificial Intelligence (AI) is transforming businesses in many sectors, bringing concerns about data security and other potential […]
In this article: The latest Global Financial Stability Report by the International Monetary Fund (IMF) highlights the dual nature of artificial intelligence (AI) adoption in financial markets, emphasising both its potential benefits and inherent risks. Reportedly, the IMF has conducted extensive outreach to various stakeholders—from investors to technology providers to market regulators—to demonstrate how financial institutions are […]
In this article: The Reserve Bank of India (RBI) Governor Shaktikanta Das has cautioned that heavy reliance on artificial intelligence (AI) could lead to concentration risks in the financial sector. He expressed concern that the growing use of AI could enable a few technology providers to dominate the market, creating systemic vulnerabilities. Das also pointed […]
In this article: The article discusses the AI Safety Clock, a tool introduced by Michael Wade to highlight the growing risks of uncontrolled artificial general intelligence (AGI). The clock’s current reading of 29 minutes to midnight indicates that we are halfway to a potential doomsday scenario where uncontrolled AGI could pose existential risks. The article […]
