Posts Tagged ‘artificial intelligence’
Repository of AI Risks Available
Some red meat today for everyone panicking about the risks (compliance or otherwise) of artificial intelligence: the brains at MIT have published a catalog of more than 700 potential risks from organizations’ use of AI, which you can use as food to fuel your AI risk management program. A team of MIT researchers known as…
Read MoreAn Accountability Model for AI
Who’s looking for another thoughtful speech about the compliance implications of artificial intelligence? Because we have one from a top banking regulator in the United States, who raises deep issues about AI that go well beyond the banking sector. The speech comes from Michael Hsu, head of the Office of the Comptroller of the Currency,…
Read MoreNew Help for AI Risk Analysis
We can never get enough help assessing the risks of artificial intelligence these days, so today let’s call out a new effort from the National Institute of Standards and Technology that internal auditors, IT auditors, and cybersecurity risk professionals might find useful. NIST launched a pilot program last week called ARIA (Assessing the Risks and…
Read MoreStating Your Ethical AI Principles
Today we have another chapter in our ongoing series about artificial intelligence, and how companies can take a more compliance-aware approach to integrating AI into their operations. This time around I want to look at what the companies themselves are disclosing to the public. The idea came to me as I was researching my previous…
Read MoreWhat Boards Are Saying About AI
Today I want to start an occasional series about artificial intelligence, and how businesses can take a more risk- and compliance-aware approach to integrating AI into their operations. We might as well start that exploration at the top: What are boards saying about how they oversee the adoption of artificial intelligence? Not much, apparently. At…
Read MoreSEC Talks AI Enforcement Risk
We have more advice this week on artificial intelligence, this time from a top voice at the Securities and Exchange Commission who urged companies to do better at crafting — and implementing — thoughtful policies to govern AI risks. The speech came from Gurbir Grewal, head of the SEC’s Enforcement Division. He gave a speech…
Read MoreAnother Way of Looking at AI Risk
Today we return to artificial intelligence, since these days compliance officers need all the good advice they can get on the subject. The New York City Bar Association recently published a paper on how AI might help with anti-money laundering compliance, and along the way raised several issues about AI that every compliance officer should…
Read MoreSEC Launches ‘AI Washing’ Enforcement
The Securities and Exchange Commission sanctioned two investment firms Monday for making false statements about how they use artificial intelligence in their business operations — the first enforcement actions we’ve seen under a crackdown on “AI washing” that SEC officials had been promising for several weeks. The two firms are Global Predictions Inc., an investment…
Read MoreJustice Department Eyes AI Risks
Last week the Justice Department announced that it will cast a more critical eye at abuses of artificial intelligence. Today let’s unpack what that news means for compliance officers in practice, and how you might need to adjust your compliance program to accommodate this brave new AI world. The pledge about increased scrutiny of AI…
Read MoreChatBots, Compliance, and Risk
Today I want to return to everyone’s favorite technology of the moment, artificial intelligence. To what extent could compliance officers incorporate AI chatbots into their Code of Conduct or internal reporting hotlines? This has been on my mind lately because Air Canada recently gave us a fascinating example of the consequences of AI gone wrong.…
Read More