PETER VOGEL (MS Computer Science and JD)’s Post

In a sea of uncertainty, guidance can assist in finding your way through the fog of unmitigated risks. Governmental agencies enact laws and regulations to assist us in reducing this uncertainty. Even regulations are not enough. Government agencies publish regulatory guidance because organizations can be unclear on how to operationalize compliance. The New York State Department of Financial Services has published guidance on mitigating cybersecurity threats related to artificial intelligence (AI). I thought this was important to discuss because there are not many resources for companies to benchmark themselves on what “good” looks like. Even if your industry is not financial services, I believe the guidance could be a blueprint so you make sense of AI risks: The NYDFS guidance identifies "AI-specific risk areas such as: 1)     Social Engineering 2)     Theft of Non-Public Information 3)     Increased Vulnerabilities Due to Supply Chain Dependencies 4)     Need for Multiple Layers of Cybersecurity Controls 5)     Monitoring Processes to Detect Vulnerabilities 6)   Data Management Practices 7)     Third-Party Vendor Management 8)     Weak User Access Controls 9)     Incomplete Cybersecurity Training 10)  Theft of Biometric Data Used in AI Logon Solutions, Which Could Be Exploited To Generate Realistic Deepfakes” Quite the list. To me, these risks apply to all organizations. So, what can you do to manage these risks? 1)     Implement multiple layers of cybersecurity controls to ensure redundancy 2)     Establish monitoring processes to detect vulnerabilities and maintain strong data management practices 3)     Third-party vendor management, access controls, and cybersecurity training Is the NYDFS risk list in line with your understanding of AI risks? What would you add? What would you deprioritize? Read the October 16, 2024 Industry Letter on the NYDFS website. Check out the Bank Info Security article, October 17, 2024, “New York Financial Regulator Publishes AI Safety Guidance” #RiskManagement #Fraud #Leaders #GenAI Longview Leader Corporation

Board Oversight in the Digital Era: The Imperative for Cyber and AI Technology Committee In today's digital landscape, where a single cyberattack can compromise millions of records and AI missteps can lead to significant ethical and financial fallout, the imperative for corporate boards to proactively manage digital risks has reached a critical juncture. The reality of this urgency is underscored by recent high-profile cyberattacks on entities like Boeing and the US Government, signaling a pressing need for enhanced cybersecurity vigilance. With just 6% of Russell 3000 companies reporting cybersecurity expertise on their boards, the gap in digital oversight is stark. This shortfall comes at a time when the digital domain offers both unprecedented opportunities and formidable challenges. Artificial Intelligence (AI) is poised to add between $2.6 trillion and $4.4 trillion to the global economy annually. Yet, the rapid evolution of cybersecurity threats and the transformative impact of AI demand strategic and knowledgeable oversight at the highest levels of governance. Bridging the Oversight Gap The complexities of managing cybersecurity and AI are vast, spanning from technical intricacies like cloud computing and encryption to ethical considerations in AI deployment. Despite these challenges, many boards remain ill-equipped, often lacking the perspective necessary to address digital risks effectively. A dedicated sub-committee focused on Cybersecurity and AI can bridge this gap. Such a committee would provide specialized oversight of cyber risk management and AI initiatives, ensuring comprehensive risk management and enhanced stakeholder communication. Recommendations for Effective Oversight To navigate the digital era adeptly, boards should: - Form a dedicated Cybersecurity and AI sub-committee with a clear and focused mandate. - Incorporate diverse expertise within the committee, spanning cyber, AI, and ethical considerations to encourage innovative solutions. - Engage external experts to augment board knowledge and remain abreast of evolving digital trends. - Develop and regularly review a cyber risk appetite, aligning cybersecurity strategies with overarching business goals. - Champion ethical AI use, going beyond compliance to address broader ethical implications of AI technologies. Conclusion: Fostering Trust and Innovation Forming a dedicated sub-committee for cybersecurity and AI is not merely a regulatory compliance measure but a strategic imperative that signals a board's commitment to responsible and innovative digital governance. Such proactive oversight not only builds trust in the company's cybersecurity capabilities and AI stewardship but also positions the company for long-term success. Let's not wait for a crisis to underscore the importance of digital oversight. The time for boards to act is now. Please read the attached paper on Board Oversight.

AI Deepfakes Rising as Risk for APAC Organisations: AI deepfakes have emerged as a significant risk for organizations in 2024, with potential to cause financial, reputational, and physical security impacts. The World Economic Forum's Global Risks Report 2024 highlighted AI-generated misinformation as a major global risk. While the detection tools for AI deepfakes are still evolving, APAC enterprises are advised to include deepfakes in their risk assessments and take measures to safeguard their content. The accessibility and quality of AI tools have lowered the barriers for malicious actors to utilize deepfakes, posing a range of threats from misinformation to financial fraud. Despite the challenges of detecting AI deepfakes, efforts by tech platforms and international norms could help mitigate the risks. Organizations are encouraged to proactively incorporate AI deepfakes into their risk assessments and enhance protection measures for their digital content.

Exciting Innovations with Retrieval Augmented Generation (RAG) Ahead! As we navigate the ever-evolving landscape of #Cybersecurity and #GRC, I'm thrilled to share my latest article: "The Road Ahead for Governance, Risk, and Compliance (GRC) and Cybersecurity with Retrieval Augmented Generation." 🚀 Dive into the world of #RAG - a game-changer in how we approach regulatory compliance, risk management, and cyber threat intelligence. This article unpacks the multifaceted role of RAG in enhancing decision-making processes, backed by sophisticated AI and data retrieval technologies. From parsing complex regulations with ease to offering evidence-based insights for policy application, RAG is reshaping our digital defenses. 🛡️ 🔍 Discover: How RAG keeps us a step ahead in regulatory compliance. Its impact on risk assessment and proactive threat intelligence. The role of RAG in enriching security training programs. Yet, it's not all smooth sailing. We'll explore the challenges and the critical need for data integrity to ensure the accuracy of RAG outputs. I invite you to read, reflect, and join the conversation. Your feedback is invaluable as we collectively champion a safer digital landscape. Let's discuss how #RetrievalAugmentedGeneration can empower us in the ongoing quest for robust cybersecurity solutions. 👉 https://lnkd.in/e3Vd9DKA #CybersecurityInnovation #AI #DataGovernance #RiskManagement

𝐓𝐡𝐞 𝐟𝐮𝐭𝐮𝐫𝐞 𝐨𝐟 𝐫𝐢𝐬𝐤 𝐦𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐢𝐬𝐧’𝐭 𝐚𝐛𝐨𝐮𝐭 𝐚𝐯𝐨𝐢𝐝𝐢𝐧𝐠 𝐫𝐢𝐬𝐤 - 𝐢𝐭’𝐬 𝐚𝐛𝐨𝐮𝐭 𝐞𝐦𝐛𝐫𝐚𝐜𝐢𝐧𝐠 𝐭𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 𝐭𝐨 𝐦𝐚𝐬𝐭𝐞𝐫 𝐢𝐭. Organizations face evolving threats in today's dynamic world that demands smarter solutions. Leveraging AI, predictive analytics, and automation, companies can now anticipate risks, reduce  vulnerabilities, and make informed decisions in real-time. Imagine uncovering hidden risks in your data, automating risk assessments, or empowering  teams to act confidently without compromising safety.  But technology comes with its risks -  cybersecurity, biases, and compliance challenges. By adopting responsible frameworks, we can transform risk from a challenge into an opportunity for growth.  𝐏𝐒. 𝐇𝐨𝐰 𝐢𝐬 𝐲𝐨𝐮𝐫 𝐨𝐫𝐠𝐚𝐧𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐮𝐬𝐢𝐧𝐠  𝐭𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 𝐭𝐨 𝐬𝐭𝐚𝐲 𝐚𝐡𝐞𝐚𝐝 𝐨𝐟 𝐫𝐢𝐬𝐤𝐬?  𝐋𝐞𝐭’𝐬 𝐝𝐢𝐬𝐜𝐮𝐬𝐬 𝐭𝐡𝐢𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐜𝐨𝐦𝐦𝐞𝐧𝐭𝐬! 👇 Liked this content? ♻️ repost it  to benefit your network. And follow Solomon Asuquo  for more insights. Thank you.

𝗧𝗿𝗮𝗻𝘀𝗳𝗼𝗿𝗺 𝗬𝗼𝘂𝗿 𝗥𝗶𝘀𝗸 𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 𝘄𝗶𝘁𝗵 𝗢𝘂𝗿 𝗔𝗜-𝗣𝗼𝘄𝗲𝗿𝗲𝗱 𝗩𝗶𝘀𝘂𝗮𝗹 𝗥𝗶𝘀𝗸 𝗔𝘀𝘀𝗲𝘀𝘀𝗺𝗲𝗻𝘁 𝗧𝗼𝗼𝗹 Embrace the future of risk management with our Visual Risk Assessment Tool (VRA). By integrating advanced AI technology known as SOCR𝗔𝗜TES, we're empowering businesses to navigate the complexities of modern risks more effectively than ever before. 𝗪𝗵𝘆 𝗖𝗵𝗼𝗼𝘀𝗲 𝗢𝘂𝗿 𝗔𝗜-𝗣𝗼𝘄𝗲𝗿𝗲𝗱 𝗩𝗶𝘀𝘂𝗮𝗹 𝗥𝗶𝘀𝗸 𝗔𝘀𝘀𝗲𝘀𝘀𝗺𝗲𝗻𝘁 𝗧𝗼𝗼𝗹? 🔍 𝗘𝗻𝗵𝗮𝗻𝗰𝗲𝗱 𝗣𝗿𝗲𝗰𝗶𝘀𝗶𝗼𝗻: SOCR𝗔𝗜TES analyses vast amounts of data to identify potential risks with unparalleled accuracy. Whether it's financial, safety, operational or cyber risks, the VRA ensures nothing is overlooked. 🎀 𝗩𝗶𝘀𝘂𝗮𝗹 𝗥𝗶𝘀𝗸 𝗔𝘀𝘀𝗲𝘀𝘀𝗺𝗲𝗻𝘁𝘀: Transform complex data into easy-to-understand visual representations of your risks. The VRA tool interactively showcases each step of ISO 31000 through an intuitive bowtie offering unparalleled ease of use. ⏱️ 𝗥𝗲𝗮𝗹-𝗧𝗶𝗺𝗲 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀: Stay ahead of potential threats and hazards with real-time risk assessment updates. Our tool continuously monitors your environment, providing you with the latest insights and allowing you to respond proactively. 💡 𝗦𝗺𝗮𝗿𝘁 𝗥𝗲𝗰𝗼𝗺𝗺𝗲𝗻𝗱𝗮𝘁𝗶𝗼𝗻𝘀: Beyond identifying risks, SOCR𝗔𝗜TES provides actionable recommendations to mitigate them. Leverage data-driven strategies tailored to your organisation's unique needs. 🔒 𝗥𝗼𝗯𝘂𝘀𝘁 𝗦𝗲𝗰𝘂𝗿𝗶𝘁𝘆: Ensure the confidentiality and integrity of your risk assessment data. The VRA employs state-of-the-art security measures to protect your information. Ready to revolutionise your risk assessment process with our next-gen RiskWare R3 platform? Contact us to learn more about how our AI-powered VRA solution can safeguard your organisation's future: https://lnkd.in/gMymtR8H 🚀 GET READY! The future is now. #RiskWare #SOCRAITES #WeLoveBowties #SOCRAITES #RiskManagement #ArtificialIntelligence #BusinessSafety #CyberSecurity #FinancialStability #InnovativeSolutions #DataDrivenDecisions #AI #VisualRiskAssessment

🔒 AI and Security: Get insights into how banks are adapting their security strategies in the age of AI. From enhanced controls to continuous training, the landscape of cybersecurity is evolving to meet the challenges posed by AI advancements. 🤖 #AI #CCGCatalyst #BankingResearch Cybersecurity Is Top of Mind While Banks Ponder AI: Tyler Brown https://lnkd.in/eW7xyP2z

Hi @everyone Let us address the ethical considerations in cybersecurity, especially within the realms of Governance, Risk Management, and Compliance (GRC), 1. Surveillance Technologies: Employing surveillance technologies raises ethical questions about the balance between security and individual freedoms. Ethical use involves clear legal frameworks, oversight, and ensuring that surveillance is necessary, proportionate, and targeted. 2. Ransomware Payments: Paying ransoms can fund criminal activities and incentivize further attacks. Ethical considerations involve developing robust backup and recovery processes, investing in prevention and detection capabilities, and working with law enforcement rather than succumbing to ransom demands. 3. Supply Chain Security: Organizations have an ethical responsibility to ensure the security of their products and services, which extends to their supply chains. This involves due diligence, transparent communication about risks, and collaborative efforts to enhance the overall security posture of the supply chain. 4. AI and Autonomous Systems: The deployment of AI and autonomous systems, particularly in critical and life-impacting fields, requires careful consideration of ethical implications, including accountability for decisions made by AI, ensuring transparency in how decisions are made, and preparing for unintended consequences. 5. Incident Response and Data Breach Notification: Ethically handling incidents and breaches involves timely notification to affected individuals, clear communication about the implications, and transparency about remediation efforts. This also includes learning from incidents to prevent future breaches.

To adeptly steer through the dynamic terrain of regulations, organizations are tasked with the continuous monitoring of fresh and shifting mandates. The strategic use of automated solutions alongside the prowess of advanced AI technologies empowers them to achieve a vigilant, real-time awareness of forthcoming regulatory changes, ensuring they remain not just compliant, but ahead of the curve. Read a few perspectives on why GRC and Cybersecurity are converging. www.cyera.io #RegulatoryCompliance #AI #Automation #dataclassification #datasecurity #Cyera.io

Hello GRC enthusiasts, In the world of Governance, Risk Management, and Compliance (GRC), Artificial Intelligence (AI) isn't just a buzzword; it's the secret sauce making things easier. Take IBM Watson, SAS Risk Management, or Kount's fraud-busting AI tools, for example—they're like superheroes streamlining operations and keeping risks at bay. With AI-powered analytics, businesses are making decisions faster, automating boring compliance tasks, and spotting trouble before it hits. Picture ConnectedGRC as your GRC sidekick, thanks to AI, giving you real-time insights into your risk levels, so you can swoop in and save the day with proactive measures. And when it comes to dodging cyber villains, CyberGRC, armed with Darktrace and CrowdStrike's AI-powered cybersecurity solutions, is your trusty ally, protecting your digital turf. But it's not all about the bad guys; AI is also helping us be good corporate citizens. ESGRC, with its AI algorithms crunching environmental, social, and governance data, is like your conscience, helping you identify risks and do the right thing. And let's not forget about compliance—AI tools like ComplyAdvantage and LogicGate are like your compliance wingmen, making sure you're on the right side of the law while boosting efficiency. And when you need to offload some cybersecurity risks onto vendors, AI contract analysis tools like Seal Software have your back, helping you navigate the legal jungle. So, in a nutshell, AI is the cool kid on the GRC block, making compliance a breeze and keeping your business safe in the wild world of regulations and risks. #AIGRC #RiskRevolution #ComplianceInnovation #GRCInsights #AIAdvantage #CyberSecurityAI #ESGRC #ComplianceAutomation #ConnectedGRC #FutureofGRC