Artificial Intelligence: Security Risks, Compliance Challenges, and Opportunities

Artificial Intelligence (AI) will be a critical enabler for businesses all around the world. Financial institutions have much to gain in using this new technology to improve back-office operations, drive customer engagement, and improve resource effectiveness in departmental operations. However, there are significant regulatory and compliance risks and considerations that must be evaluated and mitigated in order to utilize the new technology to broaden effectiveness. Review key security and compliance risks, appropriate tools for management and mitigation, and how to plan effective scaling of operations while leveraging automation and artificial intelligence.

This session will focus on:

• "In the News”: Security and compliance risks.
• Key security and compliance risks of focus.
• Vendor risk management and use-cases from your third parties.
• Secure development and management.
• Strategic implementation of AI:
  • Align AI strategy with clear business objectives, derived from the existing business strategy.
  • Prioritize use cases based on core competencies, customer needs, and industry trends.
  • Understand key risks and mitigating strategies of AI.
  • Using the AI Risk Management Framework.
  • Understanding the useability of AI RMF v 1.0.
  • Modeling and leveraging the govern, map, measure and manage functions.

Learning Objectives:

• Get a sense of today’s AI threat landscape.
• Understand key risks and opportunities for implementing and managing AI.
• Development alignment with business objectives.
• Recognize key regulatory compliance and security risks for implementing AI.

Duration: 60-minutes

Who Should Attend: C-Suite, IT Management, Compliance Officers

Instructor(s): Allison Giancola, Regulatory Compliance Manager, Wolf & Co. and Matt MacDonald, IT Assurance Senior Manager, Wolf & Co.

Recorded: Apr. 15, 2025.