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EFR Whitepaper on Security Risks for Artificial Intelligence in Finance 

Fri June 20, 2025 10:46 AM

This paper proposes a set of best practices intended for the Board and C-Level Senior Management at Financial Institutions to enhance the management of new security risks in artificial intelligence with a focus on Generative Artificial Intelligence (GenAI) in the European financial sector. The proposed best practices are grouped into three dimensions: AI risk framework inventory, AI risk identification, AI risk control objectives & controls.

IBM FS Cloud Council member, Sandip Wadje from BNP Paribas, is instrumental in the activities of the EFR - we thank him for his leadership and for bringing this important publication to our attention.

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EFR White Paper on Security Risks in Artificial Intellige...   487 KB   1 version
Uploaded - Fri June 20, 2025
This paper proposes a set of best practices intended for the Board and C-Level Senior Management at Financial Institutions to enhance the management of new security risks in artificial intelligence with a focus on Generative Artificial Intelligence (GenAI) in the European financial sector. The proposed best practices are grouped into three dimensions: AI risk framework inventory, AI risk identification, AI risk control objectives & controls.