Financial services sector urges focus on cyber in upcoming artificial intelligence research strategy

The Financial Services Sector Coordinating Council is urging federal policymakers to pay close attention to cybersecurity needs as they update an artificial intelligence research and development strategy, including through “comprehensive AI-specific” standards.

“As financial institutions continue to integrate and scale AI across their technology applications, including for fraud detection, cybersecurity, underwriting, and customer service, it is imperative to keep managing the risks these technologies pose to the financial system, as well as its clients and customers. In parallel, adversaries are...