Partner content From the use of ATMs to online banking, the financial services sector has always been at the forefront of technology. Now, it’s leading the charge in AI. In their third annual survey of financial institutions the Bank of England and Financial Conduct Authority found 75% of companies already using AI with another 10% planning to do so over the next three years.
AI presents opportunities in areas ranging from fraud detection to analytics, but it’s also relatively new as a commercial technology. Barely a third of financial institutions believe they fully understand it, said the survey.
Those companies must expand their knowledge of how their AI works. Their adversaries certainly are, and they will use it for their own ends.
Preparing for adversarial AI
Adversarial AI attackers tamper gently with AI algorithms or the data that feeds them. This changes the algorithm’s…