MFSG Report | Page 16

MFSG

“We’ ve stood up a council that doesn’ t just look at AI in a vacuum – it covers risk, fraud, privacy, compliance, legal”

Karina Sidhu Chief Technology Officer MFSG
they understand the why,” Greg says.“ The team has done a really good job of educating on all types of risk.” That educational mandate has become more urgent as the threat landscape has shifted.
Karina is candid about the growing sophistication of external threats.“ There are more and more avenues,” she says,“ and people are getting better and better at deepfake technology and coming at you – so the risks are growing.” Deepfake technology uses AI to generate convincing but fraudulent audio, video or identity material. In financial services, it has become an increasingly serious tool for fraud. The implication, Karina continues, is that risk education can never be a one-time exercise.“ That education is never going to stop because the risks are changing,” she says. mfsg. com 54