In this technologically dominated era, the integration of artificial intelligence (AI) has become a trend in numerous industries across the globe. With this development of technology, AI brings potential risks like malicious attacks, data leakage, and tampering.
Thus, companies are going beyond traditional security measures and developing technology to secure AI applications and services and ensure they are ethical and secure. This revolutionary discipline and framework is known as AI Trust, Risk, and Security Management (AI TRiSM), which makes AI models reliable, trustworthy, private, and secure.
In this article, we will explore how chief information security officers (CISOs) can strategize an AI-TRiSM environment in the workplace.
Five Steps on How C-suite Can Promote Trustworthy AI in Their Organization
The emergence of new technologies is likely to drive more potential risks; however, with the help of these five essential steps, CISOs and their teams can promote AI TRiSM solutions:
Defining AI Trust Across Different Departments
At its core, AI trust is the confidence that employees and other stakeholders have in a company that governs its digital assets. AI trust is driven by data accessibility, transparency, reliability, security, privacy, control, ethics, and responsibility. A CISO’s role is to educate employees on the concept of AI trust and how it is established inside a company, which differs depending on the industry and stakeholders.
Develop an AI trust framework that helps achieve your organization’s strategic goals, such as improving customer connections, maximizing operational excellence, and empowering business processes that are essential to your value proposition. Once built, implement methods for measuring and improving your AI trust performance over time.
Ensure a Collaborative Leadership Mindset
As IT organizations rely on technology for back-office operations and customer-facing applications, IT leaders face the challenge of balancing business and technical risks, potentially leading to prioritizing one over the other.
CISOs and IT experts should evaluate the data risks and vulnerabilities that may exist in various business processes, such as finance, procurement, employee benefits, marketing, and other operations. For example, marketing and cybersecurity professionals might collaborate to determine what consumer data can be safely extracted, how it can be safeguarded, and how to communicate with customers accordingly.
As a CISO, you can adopt a federated model of accountability for AI trust that unites the C-suite around the common objective of seamless operation without hampering customers’ and organizations’ data.
In conclusion, as businesses grapple with growing datasets and complicated regulatory environments, AI emerges as a powerful tool for overcoming these issues, ensuring efficiency and dependability in risk management and compliance. AI Trust, Risk, and Security Management (AI TRiSM) may assist businesses in protecting their AI applications and services from possible threats while ensuring they are utilized responsibly and compliantly.
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