Most organizations now use AI, and most have a policy for it. Far fewer test whether that policy works. When errors surface, ...
Although the crypto industry's legitimization took a hit on Sept. 15 when the CLARITY Act failed to advance in the Senate, ...
Insurance companies anticipate multi-million-dollar claims if AI developers are sued over AI wrongdoing. Recent examples of ...
Insurance companies anticipate multi-million-dollar claims if AI developers are sued over AI wrongdoing. Recent examples of AI autonomously hacking third-party systems and evading controls have ...
The US Treasury Department announced $1.21 billion in penalties against Bank of America for its lapses in anti-money ...
The UK has called for feedback on plans to reform its whistleblowing laws so that people who come forward with information that leads to a corporate conviction can be financially rewarded, as in the ...
A report by the Office of the Comptroller of the Currency (OCC) finds that the nine largest US banks it oversees have used ...
After an Office of the Comptroller of the Currency report found the nine largest national banks maintained debanking policies, the Consumer Financial Protection Bureau is taking action against them in ...
Companies risk wasting their AI investments because boards don’t rate the information underpinning the strategy and directors don’t understand how the technology works or creates value. According to ...
The UK’s financial services supervisor wants to scrap “nominal” regulatory thresholds to make compliance costs “proportionate ...
Cyber threats agains AI systems are a top threat that business and security leaders say they feel least prepared to address, ...
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