Understanding AI Security Risk

Reinforcing duty of care and diligence

Boards of directors must safeguard the enduring interests of their organizations and stakeholders. This duty extends to the potential risks linked with AI systems. By regularly reviewing metrics such as the AI's anomaly detection rate, achieved by integrating AI-specific intrusion detection systems, and the organization's privacy compliance score, obtained via comprehensive audits against international data privacy standards like GDPR and CCPA, boards can ensure AI system integrity and data privacy. Directors should also push for detailed and frequent AI risk assessments to ensure threats are promptly identified and addressed. In addition, they can set targets for reducing security incident response times and initiate corrective measures when these targets aren't met.

Championing ethical stewardship

Ethical stewardship requires boards to oversee that AI usage aligns with the organization's values. To achieve this, boards should request regular reports on bias mitigation strategies, insisting on third-party audits to ensure objective evaluations. They should advocate for AI transparency, urging the development of explainable AI models and requiring teams to provide detailed reports on model decisions. This can promote greater trust and understanding among stakeholders and the public.