Artificial intelligence (AI) is being used to enable decisions, provide products and services, and carry out key functions and transactions. AI is also becoming more integrated into your processes and the practices used and followed by your vendor partners.
However, AI isn’t perfect. You need to be aware of security, privacy, and ethical practices as it relates to how AI is being used. And, not surprisingly, not everyone is using AI for good intentions – for example, bad actors are now using deepfakes – highly realistic synthetic AI media – to enhance phishing and vishing at a higher frequency to defraud financial institutions, your employees, and even your members.
As AI becomes more prevalent, so also should your AI governance. Check out this TruStageTM Artificial Intelligence Risk Overview to consider the potential risks, challenges, and proactive practices to better safeguard your organization.
For more insights on AI, deepfakes, and other emerging risks, you can also go to www.trustage.com/emerging-risk.
Article by TruStage, a business partner of California’s Credit Unions and Nevada’s Credit Unions.
