The European Parliament on Wednesday approved the ArtificialIntelligence Act, completing a penultimate step to enacting the world's first comprehensive AI regulation. The act needs final signoff from the European Council, which is expected by May.
The Department of Defense has announced its inaugural Chief Digital and ArtificialIntelligence Officer Craig Martell is stepping down from his role after establishing the office as a small but influential team within the department over the last two years.
Beyond the hype, AI is transforming cybersecurity by automating threat detection, streamlining incident response and predicting attacker behaviors. Organizations are increasingly deploying AI to protect their data, stay ahead of cybercriminals and build more resilient security systems.
As FIs try to enhance their fight against fraud and money laundering, enterprise banks have embraced AI and machine learning more and more within the financial crime prevention space. But now mid-sized to small banks are also adopting this technology as a part of their digital transformation.
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AI is a tool for augmenting humans rather than replacing them, and AI is far from surpassing human capabilities on a scalable level. Although AI can generate realistic images and believable text, it still has a long way to go in detecting anomalies, said Kyle Hanslovan, CEO of Huntress.
Generative AI has revolutionized the way people interact with chatbots. Ruby Zefo, chief privacy officer and ACG for privacy and cybersecurity at Uber Technologies, cited ChatGPT as an example of the need to conduct an "environmental scan" of both external and internal risks associated with it.
The Dutch privacy regulator says imminent artificialintelligence regulation in the European Union may fail to prevent the rollout of dangerous algorithms. Europe is close to finalizing the AI Act, but citizens of the Netherlands "should not expect miracles," the regulator said.
Artificialintelligence and machine learning are used extensively for detecting threats, but their use in other areas of security operations is less explored. One of the biggest opportunities for AI and ML in cyber is around investigating potential security incidents, said Forrester's Allie Mellen.
European lawmakers on Wednesday voted overwhelmingly in favor of restrictions for the artificialintelligence industry, approving a regulatory package obliging generative AI model makers to mitigate societal risks and banning a slew of applications, such as biometric recognition in public places.
The U.S. FTC says it is keeping a "close watch" on artificialintelligence, writing Tuesday that it has received a swath of complaints objecting to bias, collection of biometric data such as voice prints and limited ways to appeal a decisive algorithm that fails to satisfy consumers.
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