Organizations must have adequate oversight to ensure the safe and ethical use of artificial intelligence (AI) tools. This is where risk managers come into play, as they can bring a broad perspective to potential exposures that individuals within specific disciplines may not see. Elisabeth Case, a global product manager based in Chicago, emphasizes the importance of aligning everyone on the use and deployment of AI tools in a thoughtful manner.
Jaymin Kim, a senior vice president in Toronto, suggests that managers responsible for AI must take a risk management perspective to understand and transfer residual risks associated with the technology. It is crucial for organizations to have adequate privacy controls and security measures in place to prevent misuse of AI by employees.
Bob Wice, head of underwriting management in West Hartford, emphasizes the need for organizations to manage risks associated with AI usage. Privacy and security controls must be in place to prevent misuse of generative AI tools in the workplace. John Farley, a managing director in New York, highlights the importance of incorporating AI into cyber incident response plans to address potential deepfake incidents and mitigate damages effectively. Overall, involving risk managers in discussions and planning related to AI is critical for organizations to navigate the potential risks and implications of this technology effectively.