“Hallucinatory” citations and errors in an AI-assisted report produced by Deloitte for the Australian government should be a wake-up call for compliance officers about the risks of placing too much trust in AI.
Technology
Posted inTechnology
Q&A with Olga Kozak-Anlar of Robinhood Markets
Compliance Week Editor-in-Chief Aaron Nicodemus recently interviewed Olga Kozak-Anlar, Compliance AI Lead at Robinhood Markets Incorporated, about her role at Robinhood and the company’s use of AI.
Posted inRisk Management
Employee use of ‘shadow AI’ poses significant risks for companies
Companies face increased risk of cyberattacks, data loss, and even regulatory action because employees are using unapproved “shadow AI” tools to help with work-related tasks.
Posted inRisk Management
Shadow AI: Another element of TPRM
Companies may face significant financial and legal risks if they fail to vet suppliers and third parties over their use of unauthorized AI and how the technology may use and share their corporate data.
Posted inTechnology
What compliance can learn from a 95 percent AI pilot failure rate
Compliance professionals have long known that systems fail when governance does. An MIT study’s finding that 95 percent of enterprise artificial intelligence (AI) pilots fail underscores how essential compliance-grade discipline is to the success of emerging technologies.
Posted inAccounting & Auditing
PCAOB’s Christina Ho: How emerging technologies could reshape improve audit quality
Emerging technologies, like artificial intelligence (AI) and advanced data analytics, can improve audit quality in significant ways. As the regulatory overseer of public-company audits, the Public Company Accounting Oversight Board (PCAOB) has a critical role to play by ensuring that its audit standards evolve as the audit profession evolves.
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The Future of AI for Compliance Champions
In this exclusive interview, Mitratech’s Strategic Advisor – Integrated Risk Management will share how AI is evolving the Risk and Compliance function, challenges and opportunities presented for Risk and Compliance, and the need for AI Governance.
Posted inTechnology
Compliance must use AI to maximize benefits from sustainability reporting
Global pressure for sustainability reporting is rising. Despite political uncertainty and regulatory delays, companies continue to improve reports for regulators and stakeholders with the help of AI.
Posted inTechnology
U.K. to introduce mandatory ransomware reporting, raising risk of ‘box-ticking’ compliance
The U.K. will require companies to report ransomware payments, but experts warn this could lead to “box-tick” compliance rather than real cyber-resiliency, since it’s cheaper.
Posted inData Privacy
Study: Compliance managers must set rules in race to adopt AI agents and copilots
More than half of all compliance teams are “actively using” or “piloting” AI applications, according to a Moody’s report. While most are focusing on streamlining routine tasks, some are developing AI agents and asking vital questions about AI decision-making.