By Adrianne Appel2023-12-08T21:42:00
Use of generative artificial intelligence by businesses will ramp up in 2024, as will risk of AI-driven cyberattacks and fraud, according to experts.
“AI will become more useful in compliance (in 2024),” said Jag Lamba, chief executive officer at third-party risk management software provider Certa. “It will become more sophisticated, so it can read regulations, spot areas of noncompliance at a business, and make recommended changes to an organization’s processes.”
But as legitimate use of AI grows, so, too, will crimes committed using the technology.
2024-05-06T20:23:00Z By Adrianne Appel
Microsoft published a public report covering its artificial intelligence endeavors and steps it is taking to make the controversial technology safe.
2024-02-22T19:33:00Z By Kyle Brasseur
On the heels of a warning by the deputy attorney general that the agency will seek stiffer penalties in cases involving the misuse of artificial intelligence, the Department of Justice announced Jonathan Mayer as its first chief AI officer.
2024-02-15T17:27:00Z By Kyle Brasseur
The Department of Justice will seek stiffer penalties in cases where the threat of misconduct was greater because of misuse of artificial intelligence, according to Deputy Attorney General Lisa Monaco.
2025-09-17T19:03:00Z By Ruth Prickett
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.
2025-08-06T14:00:00Z By Aaron Nicodemus
The Trump administration’s designation of Mexican cartels as terrorist organizations in February has made doing business in Mexico riskier than ever before for corporations.
2025-06-26T15:37:00Z By Aaron Nicodemus
Bank examiners at the Federal Reserve Board will no longer assess reputational risk during examinations, a concession to the banking industry already underway with two other U.S. regulators.
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