Treasury Warns Of AI's Threat To Financial Sector, Says Cyberattackers 'Outpacing' Defenses

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Mintz is a general practice, full-service Am Law 100 law firm with more than 600 attorneys. We are headquartered in Boston and have additional US offices in Los Angeles, Miami, New York City, San Diego, San Francisco, and Washington, DC, as well as an office in Toronto, Canada.
Member David Adams spoke to The National Law Journal, sharing insights on the US Treasury Department's warning to the financial services sector about...
United States Finance and Banking
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Member David Adams spoke to The National Law Journal, sharing insights on the US Treasury Department's warning to the financial services sector about the growing cyber threat from advanced artificial intelligence tools. David highlighted concerns over regulatory fragmentation and inconsistency across the industry on the definition of artificial intelligence.

David said, "Many people mean different things when they say AI. The more we can move toward a world where people have an established set of definitions, the better. Clear definitions will also help avoid some regulatory fragmentation...because, if everyone's working off the same definitions, it becomes much easier to regulate things in a common way."

SOURCE

The National Law Journal

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Treasury Warns Of AI's Threat To Financial Sector, Says Cyberattackers 'Outpacing' Defenses

United States Finance and Banking

Contributor

Mintz is a general practice, full-service Am Law 100 law firm with more than 600 attorneys. We are headquartered in Boston and have additional US offices in Los Angeles, Miami, New York City, San Diego, San Francisco, and Washington, DC, as well as an office in Toronto, Canada.
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