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Managing Artificial Intelligence-Specific Cybersecurity Risks in the Financial Services Sector U.S. Department of the Treasury

By David Kliemann posted Mon April 15, 2024 12:13 PM

  

In March, as a response to Executive Order (EO) 14110, Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence, the U.S. Department of Treasury released the Managing Artificial Intelligence-Specific Cybersecurity Risks in the Financial Services Sector report. The report highlights the current state of AI usage, best practices, and challenges & opportunities.

The IBM Cloud team engaged with the Treasury Department to ensure that IBM Financial Services Cloud Council members’ thoughts and concerns were heard and incorporated into the overall report. 

Read and download the report here.

#GenAI, #CyberSecurity, #US-Treasury, #financial-services, #Highlights, #Highlights-home

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Weiyee In
Mon April 29, 2024 07:49 AM

Keep up the good work!!  The report itself is a nice "overview" and "review of literature" - I did not think that they dug deeply enough into the actual use cases and kept everything at a glossy high-level exploration of what they felt were emerging trends.  As well since it is a DoT report and cites the Exec Order that it does not provide much more on the regulatory frameworks and or much of any regulatory guidance it seems perfunctory from a hands-on or utility perspective.  Similarly, while executive announcements have been so focused on ethics and governance considerations, that the report is focused on the operational aspects of AI risks without enough strength and depth in and regulatory perspective or guidance for the regulatory gaps and inconsistencies and fragmentations that are already prevalent it might serve as light touch overview.