U.S. Department of the Treasury in Washington. (Photo: Diego M. Radzinschi/ALM) Treasury Warns of AI's Threat to Financial Sector, Says Cyberattackers 'Outpacing' Defenses
"As access to advanced AI tools becomes more widespread, it is likely that, at least initially, cyberthreat actors utilizing emerging AI tools will have the advantage," the department reported.
March 28, 2024 at 07:30 PM
3 minute read
Banking and Finance Laws
The original version of this story was published on National Law Journal
The U.S. Treasury Department warned the financial services sector this week that artificial intelligence will become a powerful weapon for fraudsters and cyberattackers—who will, for a time, outgun defensive efforts.
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