AI Articles and Analysis about Security

AI has made some inroads in the cybersecurity sector and several AI vendors claim to have launched products that use AI to help safeguard against cyber threats. At Emerj, we’ve seen many cybersecurity vendors offering AI and machine learning-based products to help identify and deal with cyber threats. Even the Pentagon created the Joint Artificial Intelligence Center (JAIC) to upgrade to AI-enabled capabilities in their cybersecurity efforts.

Investment in AI by banks and financial institutions for risk-related functions such as fraud and cybersecurity, compliance, and financing and loans has grown dramatically in the last half-decade compared to customer-facing functions.

The idea of using artificial intelligence (AI) in the military scares many people in the US, especially when it comes to the Army. The US Army typically operates on the ground, and so it may be uncomfortably closer to home for some people.

It isn't surprising that many Google search results for "artificial intelligence for government surveillance" involve China. The consensus is that China is either catching up or overtaking the US in AI research, and it's quite open about using AI for government surveillance of its own people.

AI software for corporate banks is not too different from those for retail banks, although their data requirements and intentions for the software will differ. AI vendors currently selling to banks typically have clients covering all types of banking, but few specify any of their solutions to be for corporate banking specifically. Instead, they market themselves across the entire industry and give corporate banking details where appropriate.

The healthcare industry holds perhaps the most responsibility of any industry when it comes to ensuring data privacy. A breach in electronic medical records (EMRs) could tarnish a healthcare company's reputation, put undue stress on patients, and render the company in violation of regulations.

Credit card companies could make use of AI applications across multiple business areas. AI-based fraud detection is among the most widely discussed AI applications in the financial sector, and it seems to work for credit cards similarly to how it works for banks. Additionally, credit card companies and financial institutions could use AI software to improve customer service and develop customer-targeted marketing campaigns.

Since the early 2010s, major banks have used anomaly detection - an AI technique for identifying deviations from a norm - for automating fraud, cybersecurity, and anti-money laundering processes.