When Smarter Isn’t Safer: The Hidden Costs and Cyber Paradoxes of GenAI in Finance
The emergence of Generative AI (GenAI) in financial institutions promises improved efficiency and fraud detection but masks significant hidden costs related to cybersecurity, data management, and compliance. As traditional machine learning models lay the groundwork, comprehensive risk evaluations are crucial due to evolving attack vectors, unforeseen expenses, and adaptive vulnerabilities introduced by GenAI. CDO TIMES Contributing Executive Weiyee Inn is exploring this topic in greater detail in this article.
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