Getting Smart About Artificial Intelligence

Getting Smart About Artificial Intelligence Artificial intelligence and machine learning have become so prevalent that many businesses now heavily rely on algorithms to make decisions that can impact our daily lives, from security scans and medical diagnostics to mortgage approvals and customer service interactions.

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Can AI Transform Compliance?

Can AI Transform Compliance? Corporate compliance departments are being squeezed. Accenture’s 2019 Compliance Risk Study found that nearly three-quarters (71%) of compliance departments at financial institutions face a cost reduction target, with nearly two-thirds targeting budget reductions of 10% to 20% over the next three years. They are also suffering employee attrition, with reports of compliance officers being overworked and exhausted.

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How to Navigate Ethical Dilemmas of AI?

How to Navigate Ethical Dilemmas of AI? Artificial intelligence (AI) has completely changed and transformed the business world. People are thinking about how AI and its increase are impacting our lives. The concern is not only on a personal or societal level but also at the business level, especially on how AI impacts the goodwill or reputation of the business. Companies do not want to get involved in any of the ethical scandals of AI.

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Artificial Intelligence and Its Ethical Challenges

Artificial Intelligence and Its Ethical Challenges In the era of digitalization, artificial intelligence (AI) is one of its significant parts. AI is substantial for many industries, such as IT, health care, manufacturing, etc. It shows that AI technology is contributing to each sector or industry. It is beneficial to the government as well.

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Asia-Pacific CEOs are Optimistic about the Future Despite the Pandemic

Asia-Pacific CEOs are Optimistic about the Future Despite the Pandemic Due to the consistent pressure caused by the worldwide COVID-19 pandemic, Asia-Pacific’s chief executives are still facing different issues in the market such as the ‘Great Resignation’, disruption in the supply chain, and a rise in inflation, according to PwC’s 25th annual Global CEO survey from October to November 2021, where 4,446 top executives were polled.

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Identifying and Addressing the Latest Ecommerce Fraud Trends

Identifying and Addressing the Latest Ecommerce Fraud Trends In 2022, ecommerce retailers can expect to see many of the same fraud issues that that have been plagued the sector in recent years, including card-not-present (CNP) fraud and account takeovers driven by the sheer volume of credentials that have been exposed through data breaches. However, new trends are emerging as fraudsters turn their attention to different types of fraud and additional groups of consumer victims.

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Regulators Move to Combat Cybercrime

Regulators Move to Combat Cybercrime In December, news surfaced of cybercriminals exploiting a new network vulnerability in a piece of Java-based, open-source software called Log4j. The widely-used software performs the perfunctory task of logging data to help other programs function. By mid-December, cybersecurity experts estimated that Log4j was the target of over 100 hacking attempts per minute, leading some to call it the most serious network vulnerability they had ever seen.

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Poisoned AI: A Threat to Cyber Security

Poisoned AI: A Threat to Cyber Security The growing trend of Artificial Intelligence (AI) shows how important and mainstream position is taking in the business, marketing, and other industries. AI is used for the detection of faces, credit worthiness, and prediction of weather. Moreover, the combination of AI and cyber security is unavoidable. Both can impact each other in many ways. Both fields also are on the lookout for better tools and techniques for better working. These efforts are prone to be disrupted when they bypass the threats and risks without being able to detect the problem or issues.

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Are you Safe from Cyber Risk?

Are you Safe from Cyber Risk? Many companies outsource their business activities. Like distribution, service provider, contracting, agents, etc. All these outsourcing make your business more prone to cyberattack or risks. The cyber risks increase. As anybody from the outsourced activity can have access to your data. It is harmful to the authenticity and business image. According to the survey conducted in January 2022 by CyberRisk Alliance of 301 companies in IT and cyber security, 95% of companies outsource their business activities. Moreover, three-quarters or more of the surveyed sample have a contract with approximately 25 different companies.

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The Increasing Trend of Metaverse and Its Impact on Risk Managers

The Increasing Trend of Metaverse and Its Impact on Risk Managers The increasing trend of Metaverse in technology is a topic of discussion nowadays. Metaverse is also a considerable factor that has an impact on financial service firms. Therefore, risk managers should learn and adopt this new trend of Metaverse to survive in the market as we cannot ignore a major development of technology and remain here.

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