by Avi Gesser, Erez Liebermann, Matt Kelly, Jackie Dorward, and Joshua A. Goland
Top: Avi Gesser, Erez Liebermann, and Matt Kelly. Bottom: Jackie Dorward and Joshua A. Goland (Photos courtesy of Debevoise & Plimpton LLP)
This is the second post in the two-part Debevoise Data Blog series covering the U.S. Treasury Department’s report on Managing Artificial Intelligence-Specific Cybersecurity Risks in the Financial Services Sector (the “Report”).
In Part 1, we addressed the Report’s coverage of the state of AI regulation and best practices recommendations for AI risk management and governance. In Part 2, we review the Report’s assessment of AI-enhanced cybersecurity risks, as well as the risks of attacks against AI systems, and offer guidance on how financial institutions can respond to both types of risks.