As organisations expand their use of artificial intelligence, risk management experts are highlighting the importance of establishing a formal written AI policy before deploying AI tools across business operations. A documented AI policy provides a foundation for responsible AI adoption Read More …
Tag: Technology risk
AI Risk Management Starts with a Written Policy
EU Launches Plan to Address Advanced AI Risks
The European Commission has announced a new plan to address the risks and opportunities associated with advanced artificial intelligence, with a focus on strengthening cybersecurity, improving resilience and ensuring responsible AI development. The initiative aims to support the secure adoption Read More …
ANSI Launches Initiative to Shape Future Standards for Frontier AI Risk Management
The American National Standards Institute (ANSI) has invited industry experts, policymakers, researchers, and other stakeholders to contribute to the development of standards for frontier AI risk management. The initiative aims to establish frameworks that can help organizations safely develop, deploy, Read More …
AI Adoption Creates New Risk Challenges for Australian Businesses
Artificial intelligence is becoming a core part of business operations in Australia, but it is also adding new complexity to the risk environment. New research highlights that AI, once seen mainly as a tool for productivity and efficiency, is now Read More …
Anthropic Restrictions Spotlight Growing Risks of Dependence on AI Platforms
Recent restrictions imposed by AI company Anthropic have drawn attention to a growing business risk: excessive dependence on third-party artificial intelligence platforms. As organizations increasingly integrate AI into critical operations, sudden changes in access, pricing, usage policies, or service availability Read More …
Continuous Monitoring for Vendor and Privileged Access Risk in Banking
The modern digital banking ecosystem has expanded far beyond the traditional boundaries of internal IT parameters. With financial institutions increasingly relying on complex cloud architecture, core banking application programming interfaces (APIs), and third party FinTech vendor pipelines, the corporate threat Read More …
GuidePoint launches supply chain detection and response service
GuidePoint Security has launched a new Supply Chain Detection and Response (SCDR) service aimed at helping organisations identify, monitor and mitigate cybersecurity threats originating from third-party vendors and supply chain partners. The service is designed to address the growing concern Read More …
VendRespect launches cybersecurity scoring system for digital risk assessment
Cybersecurity solutions provider VendRespect has introduced an advanced cybersecurity scoring system designed to help organisations assess and manage digital risk more effectively in an increasingly complex threat environment. The new platform aims to provide businesses with a measurable view of Read More …
AI Risks Rise as Firms Lag on Safeguards: Report
Businesses are rapidly adopting artificial intelligence (AI), but many are falling behind in implementing the safeguards needed to manage associated risks, according to a recent report. The report highlights that while AI is being widely used to improve efficiency, automate Read More …
Risk Management at a Turning Point: Navigating Geopolitics and AI Disruption
Risk management in the global financial system is undergoing a fundamental shift as geopolitical instability and rapid technological disruption reshape the risk landscape. Traditional frameworks, built over decades in a relatively stable environment, are increasingly proving inadequate in addressing today’s Read More …