Security News > 2024 > May > The challenges of GenAI in fintech
Public fintech organizations are among those already struggling with the SEC's reporting requirements, and GenAI adds a new layer or uncertainty.
Fintech is just one of many industries wondering how to best approach GenAI use.
GenAI is already known for making companies the subject of unfavorable news stories.
The ability to log and track GenAI usage across internal networks as part of AI forensics automatically allows fintech companies to identify, trace and mitigate potential security risks from GenAI. As SEC's requirements include providing full details of security incidents, the ability to audit AI activity through AI forensics on internal networks will be a paramount skill moving forward.
With the proper education and training, employees will better understand how to appropriately use GenAI and minimize the potential for data breaches caused by misuse.
As boards and organization leaders continue to consider the implications of GenAI across fintech and whether they should charge full speed into its adoption or wait, the SEC's impacts on GenAI's adoption are clear.