New Treasury initiative targets improved cyber risk management for AI tools

The Treasury Department said it will soon release resources developed by a public-private coalition focused on helping financial industry stakeholders strengthen cybersecurity and risk management of AI systems used across the U.S. financial system.

Throughout the rest of February, Treasury will publish a series of six resources developed by the Artificial Intelligence Executive Oversight Group, the department said in a Wednesday press release. The group was born out of the White House AI Action Plan released in July of last year. 

Senior executives from financial institutions, federal and state financial regulators and other key stakeholders were brought together through the partnership, which involved the Financial and Banking Information Infrastructure Committee and the Financial Services Sector Coordinating Council. The initiative has concluded, the department said.

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