AI is radically changing the playing field in today’s business world. Able to analyze millions of bits of data in seconds while simultaneously learning how to improve its own performance, there is no stopping the acceleration of AI. Within the next decade AI is anticipated to transform virtually all major industries and play a pivotal role in making our infrastructure more “intelligent.”
With technology this powerful and cutting-edge, what’s not to love? Unfortunately, any time there are huge amounts of data involved, especially that of a sensitive nature, an AI application will be repeatedly attacked. The Achilles heel, if you will, with ever-evolving AI programs is that they are vulnerable to data breaches, malware, and ransomware attacks.
Shockingly, approximately “236.1 million ransomware attacks occurred globally in the first half of 2022, which shows a dramatic increase from previous years,” says Splunk Media. The dramatic uptick in cyber-attacks is thought to be the consequence of people adopting new technologies without implementing foundations these technologies can rely on to keep them safe.
How can a forward-thinking, progressive organization embrace the cutting-edge developments of AI and simultaneously avoid a barrage of cyberattacks? And better yet, how can it keep up with the legal and ethical developments also happening at breakneck speed alongside AI? Simple: create and implement a strategic framework, an AI TRiSM, that combines fail-proof elements that will stop cyber criminals in their tracks.
A cyber security savior, an AI TRiSM (AI Trust, Risk, and Security Management) framework incorporates techniques such as data encryption, secure data storage, and multi-factor authentication as part of a trusted and secure foundation for AI models to rest upon.
AI TRiSM sounds impressive, but how do trust and security in AI benefit an organization specifically? By relying on a solid foundation, an organization can rest assured that its decisions are based on reliable information as it implements AI models to fuel growth, improve efficiency, and foster trust amongst consumers. According to Gartner, “Organizations that incorporate this framework into business operations of AI models can see a 50% improvement in adoption rates due to the model’s accuracy.”
AI model accuracy is a vital part of garnering customers’ trust in an organization, but the safeguarding of data is even more critical. Nothing erodes consumer trust more than having one’s data compromised. With AI transforming organizations from the inside out by analyzing ever-increasing amounts of sensitive data, safeguarding this data is now more important than ever. “AI privacy breaches, security incidents, data leaks, etc., have serious and negative consequences, which is why organizations must be swift in finding new ways to look for vulnerabilities in AI that frequently go unnoticed.”
Functional obsolescence can gut an organization, and it happens fast. Gone are the days of traditional forms of trust and security. Now is the time for organizational leaders to focus not only on AI but also on creating a foundation upon which to build anew the much-needed trust and security pillars upon which AI models can rest.
But how does an organization design and incorporate this much-needed foundation to regulate AI when the technology is evolving so rapidly, and the rules regarding the regulation of AI are still being formulated? By creating and implementing an AI TRiSM foundation, an organization will have “a well-defined, responsible framework covering ethics, transparency, accountability, fairness, privacy, and security.” Such a framework would need to be mindfully constructed. More specifically, an AI TRiSM construct would require a team of lawyers, data scientists, and ethicists to create cutting-edge data protection methods.
Once the AI TRiSM is successfully implemented within an organization, only then can it safely keep pace with AI’s mad acceleration.
AI may be the future of technology, but the AI TRiSM is integral to ensuring that this future will be prosperous and secure. Harnessing the power of AI without swiftly implementing a safe foundation for it to rest upon within an organization is paramount to going 200 m.p.h. on the Autobahn without a seatbelt. AI TRiSM is AI’s seatbelt. Snap it in place, then floor it.