FS-ISAC offers guidelines for utilizing AI in the financial sector

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FS-ISAC (Financial Services Information Sharing and Analysis Centre), a consortium committed to mitigating cyber risk in the global financial system, has released six white papers aimed at enhancing understanding of artificial intelligence (AI) within financial services institutions.

“While AI promises breakthroughs in the financial services industry, there are a plethora of risk factors that the sector needs to be aware of, both when integrating AI into internal processes as well as building cyber defenses against threat actors utilizing AI tools,” said Michael Silverman, vice president of Strategy and Innovation, FS-ISAC. “It is integral to operational safety and the very foundation of trust in the financial services industry that the sector aligns on how to counteract the risks that AI poses.”

The six white papers offer comprehensive insights into AI-related threats and risks, providing adaptable frameworks and strategies tailored to the diverse needs and risk appetites of financial institutions: 

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