Across the globe, organizations are waking up to the power of artificial intelligence (AI). Even before ChatGPT, the technology was starting to move from being an early adopter buzzword to something capable of affecting business transformation for the corporate masses. The market for AI software, hardware and services is expected to hit yet another milestone – $500bn in value – by 2024, thanks to impressive double-digit growth. Yet however they’re deployed to drive business success, AI services are only as strong as the data that powers them.
That means organizations wanting to extract maximum value from AI must also build security into projects from the start to help mitigate AI security risks and threats. A best practice layered approach must begin with securing the data itself - data-centric AI security.
We should all be aware by now of the value AI tools can provide to organizations – in both a customer-facing and back office context. One obvious advantage of chatbots like ChatGPT is in enhancing customer service with a realistic human-like interface to field queries and complaints. In doing so, it will free up staff to focus on higher-value tasks. AI-based automation could also reduce the manual, repetitive tasks some team members still have to undertake in industries like banking and retail – such as on- and offboarding customers and approving mortgages. This would also minimize human error and improve overall efficiency.
A third output from AI tools – and perhaps the one business leaders are most excited about – revolves around decision-making. By applying the right algorithms to large datasets, companies can generate insight with which to make more successful decisions. For example, they can forecast multiple market scenarios to help predict stock levels, customer sentiment and pricing sensitivity – and adjust strategy accordingly. This will be an increasingly critical driver of agility – especially in times of tremendous business uncertainty and macro-economic volatility.
Yet where there is data, there are inevitably risks over how it is used and who has access to it. Top AI data security risks include:
Cybersecurity for AI is a rapidly maturing space. But there are still things organizations can do today to help to mitigate some of the security risks of artificial intelligence outlined above.
Data-centric security: Tokenization is one of the most effective ways to protect data. It converts plain text into a coded language, meaning if hackers get hold of it they will have nothing useful to use or sell. It’s perfect for use in AI systems as the data can still be used as normal, without compromising on protection. And tokenization can also reduce compliance scope, because the original data no longer exists.
Access controls: Organizations should limit access to data based on the user's identity and role, according to the policy of least privilege. This ensures that only authorized users can access and use the data for the minimum time necessary to complete their work. Strong passwords should be enhanced with multi-factor authentication (MFA).
Regular audits: These can help organizations to identify vulnerabilities and areas for improvement in their data protection policies and practices. It will also ensure that policies and procedures are being followed consistently.
Employee training: Staff can be a weak link in corporate security, so regular training is essential to ensure that employees are aware of the importance of data protection, and are following policies. It should be regularly communicated to all staff, including contractors.
Monitoring and logging: Logging tools collect data on security “events” – everything from emails to logins. Monitoring tools then sift through these logs in real-time to alert teams about suspicious behavior such as unauthorized access or account usage.
Securing your AI and machine learning systems before introducing them to the core operations of your organization. Learn more by contacting the experts at comforte.