Tripwire’s Post

AI and GenAI in RegTech is increasing in prominence. In 2024, focus on these technologies may seem overwhelmingly excess. However, the rate of evolution and regulatory pressures in GRC space make AI and GenAI capabilities a competitive muscle for businesses. Read to know more. #grc #genairevolution #ai #riskmanagement #openpages #naturallanguageprocessing #regtech #integratedriskmanagement #corporategovernance #aimodels #foundationmodels #itgovernance #ibmwatsonx #ibmwatson

Risk Management is probably one of the most boring topics in business. You know what’s not boring? Dealing with security breach. Or managing a PR nightmare. Or appearing in court. Or any number of things that can happen if unlikely risks eventuate. If done right you can get a lot of benefit from using Generative AI in your business. But are you aware of these subtle risks? https://lnkd.in/gKRyibys #GenAI #AI #RiskManagement

The US Treasury's Managing Artificial Intelligence Report underscores a glaring oversight in the current landscape of AI development and deployment: the absence of an appropriate comprehensive framework for the testing and audit of black box AI solutions. Testing is essential to guide firms through the nuanced process of assessing inputs, outputs, training models, and the underlying algorithms themselves. Learn more about the role of testing in navigating AI risk in our latest blog: https://lnkd.in/gB-SJBhF #AIRisk #Compliance #BlackBox #WhiteBox #Testing #Scenarios #Microsimulations

AI and GenAI capabilities when integrated into GRC tools help identify anomalies and unusual threat patterns that the human eye often misses. Learn more about the emerging role of AI in GRC. #Ai #GenAi #GRC #Risk #RiskManagement https://smpl.is/8pg4x

Embracing Generative AI Responsibly With generative AI's rapidly expanding role in business, understanding how to navigate its potential and pitfalls is more important than ever. Check out insights from McKinsey on structuring robust risk management frameworks to safeguard and maximize AI's benefits. https://hubs.li/Q02KhrR_0 As we integrate AI within our operations at PDG, adopting stringent governance and continuous oversight will be key to leveraging AI responsibly without compromising human values. How are you implementing AI in your business while ensuring it aligns with ethical guidelines? #GenerativeAI #RiskManagement #AIethics #BusinessTechnology

Generative AI may be here to stay. However, with great power comes great responsibility! In an article by McKinsey & Company author Ida Kristensen offers insights into managing the risks around generative AI. https://hubs.li/Q02Kq1M70 As AI becomes woven into the fabric of business, we must effectively manage the risks associated with its use. Effective risk management involves principles, frameworks, governance, and continuous monitoring, integrating AI with human oversight to mitigate threats and responsibly harness AI’s potential. #GenerativeAI #TechTrends #RiskManagement #StrategicInnovation #AIRegulation #McKinseyInsights

Blog Post Profiling the Future: NIST’s Framework Extensions for Generative Al As artificial intelligence (AI) continues to evolve, so too must the frameworks that govern its use. Recognizing the unique challenges and potential of generative AI, the National Institute of Standards and Technology (NIST) is at the forefront of developing detailed profiles within its AI Risk Management Framework specifically tailored for this advanced subset of AI technologies. This initiative not only highlights the intricacies of generative AI but also sets a precedent for how such technologies should be managed and regulated. #ai #nist #blog https://lnkd.in/dBts8bAQ

With all the hype around AI, it’s easy to get carried away and assume it should be used ubiquitously. In the critical areas of risk & control, we need a higher standard. Great work by the Hyperproof team on articulating what we’ve done and how we plan to go forward. #AI #securitycompliance #ComOps

As AI/ML technologies move from experimental to mainstream, federal agencies will face escalating pressure to leverage the benefits of modernization while managing its inherent risks. Guidehouse is helping agencies address these concerns and develop a sustainable and forward-looking plan for managing AI.

Auditable AI is a foundation of future AI regulation, ensuring transparency and accountability—an insight emphasized by Domino Data Lab's Kjell Carlsson in InformationWeek. He highlights that while many talk about Responsible AI, auditable AI remains rare outside of highly regulated industries. Discover more about the challenges and advancements in AI auditing in the full article here: <https://gag.gl/pQH1Tk> #AI #AuditableAI #Regulation #Transparency