Search results for: artificial intelligence
Talking AI and ‘Model Risk’
Today we have a heads up for all you compliance officers in the financial services sector: Radical Compliance and Forensic Risk Alliance will be hosting a webinar on Jan. 29 exploring the risks of artificial intelligence, and the new governance and risk management methods you’ll need to develop to keep those AI risks in check.…
Read MoreOptimizing the Right Compliance Vector
A compliance officer should always be ready to take a good idea wherever you find it and figure out how it might improve your compliance program. In that spirit, today let’s talk about a nifty phrase I stumbled across in the technology world that could help compliance officers immeasurably in these tumultuous days: finding “the…
Read MoreCompliance Jobs Report: Jan. 10
This week the Compliance Jobs Report is full of mystery! The former compliance chief at Netflix has a new job somewhere; and a few folks are leaving other compliance posts and promising updates soon. We also have other items from UCB, Revolution Medicines, Henkel, Mars, PIMCO, and much more. Meme of the Week goes out…
Read MoreFTC Strikes Again on AI Controls
The Federal Trade Commission has dinged a California business for making misleading statements about the accuracy of facial-recognition technology that the company sells — yet another enforcement action over artificial intelligence that offers numerous lessons for corporate compliance and audit professionals. The company in question is IntelliVision Technologies, a subsidiary of Nice North America, which…
Read MoreThe DOGE Effect on Risk Management
Elon Musk and Vivek Ramaswamy shed more light this week on how they want their Department of Government Efficiency to operate. Their vision shows an alarming lack of understanding about how government operates, so compliance professionals should watch closely for the mess these two might make; you’ll be among the many stuck cleaning that mess…
Read MoreFinCEN Gives Advice on Deepfakes
FinCEN has published an alert warning financial firms about deepfakes and other AI-driven fraud schemes, along with several suggestions for how firms could improve their policies and procedures to spot fakes and stay on top of your suspicious activity reporting obligations. FinCEN published its guidance on Wednesday. It has no particular force of law, but…
Read MoreAn Update on TPRM Programs
A new survey finds that companies are — at long last — pushing their third-party risk management programs up the maturity curve, as they move from monitoring the cybersecurity risks among their vendors to actually reducing those risks. The report comes from BlueVoyant, a firm that helps businesses to manage their supply chain cybersecurity risks.…
Read MoreA Telling Move by CFPB
Compliance officers who want to skate where the puck is going to be, cast your eyes to the Consumer Financial Protection Bureau. Last week the agency warned companies to tread carefully when using artificial intelligence and other digital tracking to make employment decisions, and in doing so dropped two telling hints about the future of…
Read MoreCompliance Jobs Report: Oct. 4
The Compliance Jobs Report this week has news from Anthropic, Citibank, Lear Corp., the Gap, Raymond James, and lots more. We also have some work anniversaries to note, and job leads all along the East Coast in banking, higher ed, and photocopying! Meme of the Week goes out to fans of “Mean Girls.” Always remember…
Read MoreJustice Dept. Talks AI Concerns
The Justice Department wants companies tinkering with artificial intelligence to be more open-minded about testing their AI systems and products for vulnerabilities, and specifically wants them to adopt a “vulnerability disclosure program” much the same way tech companies already disclose software bugs. So says Nicole Argentieri, head of the Criminal Division, who delivered a speech…
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