AI is changing the way businesses operate around the world. But perhaps one of the sectors with the greatest potential for AI-powered digital transformation is financial services. In fact, it is already one of the most prolific users of this technology. account for almost one-fifth market use. However, increasing use of AI also opens the door to business risk. This expands the attack surface and can expose organizations to significant financial and reputational damage. Therefore, new initiatives must take a security-by-design approach.
*** This is a syndicated blog from the Security Bloggers Network. comfort blog The author is Erfan Shadavi. See the original post here: https://insights.comforte.com/cybersecurity-in-ai-powered-banking-challenges-and-solutions