Cybersecurity experts have long raised concerns emerging technologies like generative artificial intelligence (AI) can increase risks to businesses because of the speed in which the tech evolves and the way it learns from input data.
The ease at which accessible and easy-to-use tools such as ChatGPT can result in breaches of data, information technology security, and corporate confidentiality has prompted companies, including Samsung and many large banks, to limit or restrict their use in the workplace.
But cyber and data professionals believe there are ways companies can stay ahead of the risks as AI continues to evolve.
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Federal lawmakers shined a spotlight on artificial intelligence this week, raising the possibility that Congress will—eventually—legislate some controls on the burgeoning technology should middle ground be found.
Technology companies including Google, Meta, and OpenAI agreed to a series of voluntary commitments they’ll make regarding their management of risks when developing artificial intelligence systems.
The Federal Trade Commission sent to ChatGPT developer OpenAI a list of questions seeking clarity on how the company monitors, collects, and retains user personal information and ensures control over its popular artificial intelligence chatbot.
The ex-chief compliance officer at Payqwick, a California-based money transmitter that serviced the cannabis industry, is suing her former employer alleging wrongful termination and whistleblower retaliation over lax disclosures related to an acquisition.
JPMorgan Chase agreed to pay $75 million as part of a settlement with the government of the U.S. Virgin Islands regarding the bank’s ties to convicted sex offender Jeffrey Epstein.
The furor over NatWest Group’s decision to monitor and close the account of right-wing Brexit campaigner Nigel Farage—and then disclose the details to a journalist—has raised questions regarding whether other banks employ the same means to get rid of undesirable customers.
