Large corporations, brands, and enterprises have a fair share of reasons to fall behind their governance, risk, and compliance management objectives, resulting in a massive GRC failure. It is common knowledge that getting a hold of GRC needs is complicated, but regulatory bodies and governments quickly slap hefty penalties that can run into billions of… Continue reading Four Lessons on Avoiding a GRC Failure
IBM OpenPages GRC Services | GRC Consulting – iTechGRC
Tag: GenAI
GenAI for Risk and Compliance in Banking & Financial Services
Remember the March turmoil from the collapse of Silicon Valley Bank (SVB)? It was a rude awakening for the global banking and financial services industry, stirring regulatory actions to tighten the interest, liquidity, and credit risk management practices. Large banks crimped their lending practices and were ordered to load up reserves to build resilience and… Continue reading GenAI for Risk and Compliance in Banking & Financial Services
How will the U.S. Elections impact AI Regulations?
What’s common between the Democrats and Republicans besides contesting for U.S. elections? The answer is both parties agree on guard railing AI! 2024 will be known for the global election marathon. AI is fueling the divide among the voters, and threat actors are weaponizing GenAI to spread misinformation. Amid the ongoing AI fever, what are… Continue reading How will the U.S. Elections impact AI Regulations?
The Good & the Nasty: Influence of AI in Politics & 2024 U.S. Elections
Technologies have always had an impact on political campaigns. At the turn of the 21st century, the use of the Internet for broader reach and cost-effective campaigns opened doors to marketing on social media and digital platforms. The new-age tools of information sharing empower voters and audiences with an independent voice and political viewpoints to… Continue reading The Good & the Nasty: Influence of AI in Politics & 2024 U.S. Elections
AI Use Cases in GRC: An Explorative Guide
If you know the line, “Stories written before space travel but about space travel,” from Philip K Dick’s novel, Do Androids Dream of Electric Sheep (adapted to Ridley Scott’s Blade Runner), you’d agree that it resonates with how we feel about recent AI breakthroughs (both imagined and real). Unlike the theme of this cult classic—technological… Continue reading AI Use Cases in GRC: An Explorative Guide
FTC Rules Protect Against GenAI-led Impersonations: Rule Finalizes to Protect Businesses, and Government from Scams
February 15, 2024, the Federal Trade Commission (FTC) finalized the rules to address AI-enabled impersonation scams to protect consumers, government, and business entities. Generative AI (GenAI) adoption spiked in 2022 with the release of OpenAI’s large language model (LLM)-based tool. The tool’s popularity and widespread adoption across businesses replaced many white-collar positions with AI,… Continue reading FTC Rules Protect Against GenAI-led Impersonations: Rule Finalizes to Protect Businesses, and Government from Scams
AI Integration in GRC Tools Will Become A Commonplace in 2024
When we talk about technological sophistication, every enterprise competes to be at the bleeding edge of trends. In 2023, GenAI took the world by storm despite initial hesitations about impending risks and a high-profile security breach that exposed personally identifiable information (PII). Surprisingly, in governance, risk, and compliance (GRC), both AI and GenAI hold tremendous… Continue reading AI Integration in GRC Tools Will Become A Commonplace in 2024