NEW YORK—Are security concerns slowing some credit unions’ use of AI?
A new study of business use of AI suggests that could be the case within many organizations.
“Businesses looking to take advantage of the latest artificial intelligence tools are in search of any number of potential benefits, including automating repetitive tasks, enhanced data analytics, reduced human error and better and faster decision making,” CNBC reported. “The problem is, barriers to AI adoption abound, keeping companies from deploying the technology as fast as they’d like.”
A recent survey showed less than 40% of organizations have successfully deployed an AI project, CNBC said, citing a report from Foundry/Searce.
The Biggest Barrier
Among the biggest barriers to adoption: the rise in cybersecurity threats. The study shows that 58% of respondents said data security is a leading barrier to AI adoption, CNBC said.
There is a lack of understanding about the security vulnerabilities of AI applications, Jake Williams, a faculty member at cybersecurity research firm IANS Research, told CNBC.
“AI apps, especially those using large language models, bring in an entirely new set of vulnerabilities that are poorly understood by most application developers and security testers,” Williams was quoted as saying. “Until there’s better understanding of these issues, and better tools to help with auditing and defense, some CISOs are warning that additional risks might not be warranted” by launching AI projects.
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