Tag: risks
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As AI agents go rogue, cyber insurers are adapting their policies
Aug 27 : Cyber insurers have spent years defining what constitutes a hack and when coverage should pay out, but the rapid emergence of AI agents is raising new questions, forcing insurers to review their policies. Leading AI developers OpenAI, Anthropic and Meta Platforms recently disclosed that their AI agen
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Exclusive-JPMorgan CEO Dimon leads new cross-industry effort to tackle AI risks
NEW YORK, Aug 5 : JPMorgan Chase CEO Jamie Dimon is urging corporate leaders to join a U.S.-focused industry group to address risks posed by AI, as corporate America rapidly adopts the developing technology, two sources familiar with the matter said. Dimon has personally reached out to CEOs of other large an
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Canada regulator cited Anthropic’s Claude Mythos in warning to banks on cyber risks, email shows
TORONTO, July 13 : Canada’s federal banking regulator warned the country’s largest financial institutions about the risks of Anthropic’s Claude Mythos and other advanced AI models, saying the new technology could increase cyber threats and reduce the time institutions have to identify and fix vulnerabilities, accord
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Bank of England sees growing risks to financial stability from AI
LONDON, July 7 : The Bank of England said on Tuesday that artificial intelligence poses a growing threat to financial stability, as investors bet heavily it will prove a success while the technology increases banks’ vulnerability to cyberattacks.In a half-yearly assessment of risks to Britain’s financial syst
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Unchecked AI progress may pose catastrophic risks, UN panel warns
GENEVA, July 1 : Developments in artificial intelligence are outpacing scientific understanding and government policy, meaning there are no guarantees the technology will not cause catastrophic harm, a United Nations independent panel warned on Wednesday.A preliminary report by the UN’s Independent Internatio
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Bank of England’s Breeden signals new rules to govern agentic AI
LONDON, June 30 : The Bank of England on Tuesday signalled the need for bespoke AI regulation to contain risks to the financial system posed by increasingly capable agentic systems, in a potential shift in its approach to overseeing the technology. Following years of insistence that existing frameworks were
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Brazil’s facial authentication is popular, but risks remain
In Brazil, your face is your ticket. Systems with facial authentication aim to prevent violence and identify suspects. But experts warn about risks to sensitive personal data.
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RBI proposes guidelines for banks to manage AI risks
MUMBAI, June 24 : India’s central bank has proposed rules requiring banks to strengthen oversight of risks tied to AI and machine-learning models, mandating board-approved policies, stronger controls and model inventories. The Reserve Bank of India said banks must put in place a board-approved risk management
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Indian seafarers pay the price in US-Iran war
At least seven Indian sailors have been killed in attacks on commercial vessels since the US-Iran conflict escalated. DW spoke to the family of one victim and to a survivor of a strike on his ship near the Strait of Hormuz.
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Europe swelters under heatwave
Across the continent, authorities were ramping up warnings of extreme weather. German forecasters said parts of the country needed to be on alert for thunderstorms, hail and heavy rain over the weekend.
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