In this article: By 2028, 60% of governments worldwide will adopt a risk management approach in framing their AI and generative AI policies Significant financial penalties, litigation, and reputational damage can erode revenue and threaten a company’s long-term stability and growth By integrating data across thousands of contracts, AI empowers decision-makers with visibility into business […]
AI Risk
In this article: The document discusses the growing need to balance the benefits and risks of integrating AI (Artificial Intelligence) in OT (Operational Technology) cybersecurity environments. As OT systems face increasingly sophisticated cyber threats, AI offers promising capabilities to enhance threat detection and response. However, the integration of AI also raises concerns about compatibility with […]
In this article: More than ever, artificial intelligence (AI) is being implemented as a powerful tool to improve our lives and businesses. But with its benefits comes a host of risks – and regulators are homing in on its use as a tool for illegal activities. This issue of Practical Compliance sets out key steps […]
In this article: Shadow AI is growing in industries like healthcare and coding — increasing risks of privacy breaches and vulnerabilities. According to a National Cybersecurity Alliance survey, 38% of workers are using AI without employer approval, and many are sharing sensitive information. Healthcare providers are using AI to communicate with patients, with some bypassing […]
In this article: EU’s Request: The European Union has asked Snapchat, TikTok, and YouTube for more information on their content recommendation algorithms. Deadline: The platforms must provide the requested data by November 15. Digital Services Act (DSA): This falls under the EU’s DSA, which is the EU Bloc’s online governance rulebook. Potential Investigations: Responses may […]
In this article: As AI systems become more complex, companies are increasingly exposed to reputational, financial and legal risks from developing and deploying AI systems that do not function as intended or that yield problematic outcomes. The risks of AI, and the legal and regulatory obligations, differ across industries, and depend on whether the company […]
In this article: In the area of regulated communication surveillance, AI proves exceptionally effective, delivering significant value beyond its expected capacity. Machine Learning, in particular, excels in this high-risk, resource-intensive environment by: Providing disproportionate cost savings Mitigating far greater levels of risk compared to traditional human surveillance methods Highly-trained reviewers, who monitor regulated communications for […]
In this article: The rapid adoption of artificial intelligence [is leading to a rise in risk] from both malicious and accidental sources. Four primary factors contribute to this risk: software supply chain threats, expansion of the attack surface, increased data exposure, and growing usage in cybersecurity operations, according to Guy Carpenter. Insurers eye AI’s […]
In this article: Russia is the most prolific foreign influence actor using artificial intelligence to generate content targeting the 2024 presidential election, U.S. intelligence officials said on Monday. The cutting-edge technology is making it easier for Russia as well as Iran to quickly and more convincingly tailor often-polarizing content aimed at swaying American voters, an official from the Office of the […]
In this article: Even organizations that are striving for responsible AI struggle to evaluate whether they are meeting their goals. That’s why the IEEE-USA AI Policy Committee published “A Flexible Maturity Model for AI Governance Based on the NIST AI Risk Management Framework,” which helps organizations assess and track their progress. The maturity model is based on […]
