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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

Bank Regulation and Supervision Increases in 2024: Regulators Announce New Proposals

2023 was indeed a poster year for disruptions. Evolving bank regulations and supervision will drive banking and financial services firms to tread consciously in 2024.   Let’s explore the latest banking and supervisory regulations impacting banking and financial institutions’ governance, risk, and compliance (GRC) agenda this year.   Basel III Endgame:   Post the 2009 financial catastrophe,… Continue reading Bank Regulation and Supervision Increases in 2024: Regulators Announce New Proposals

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