CSO Executive Sessions: How AI and LLMs are affecting security in the financial services industry

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CSO Executive Sessions: How AI and LLMs are affecting security in the financial services industry

The discussion centers on the impact of AI and large language models (LLMs) on security within the financial services sector. Mandy Andress, CISO at Elastic, highlights how LLMs can serve as effective countermeasures against AI-related risks. The conversation also explores the integration of these technologies with existing Security Information and Event Management (SIEM) systems in banks.

The insights shared emphasize the growing importance of AI in enhancing security protocols and mitigating risks in financial institutions. By leveraging LLMs, banks can improve their threat detection capabilities and streamline their security operations. This shift not only addresses current challenges but also prepares the industry for future cybersecurity threats.

• LLMs provide countermeasures against AI risks in financial security.

• Integration of AI with SIEM systems enhances banks' security operations.

Key AI Terms Mentioned in this Article

Large Language Models

LLMs are advanced AI systems that can process and generate human-like text, enhancing security measures.

Security Information and Event Management

SIEM systems aggregate and analyze security data, crucial for integrating AI technologies in banking.

AI Risks

AI risks refer to potential threats posed by AI technologies, necessitating robust security strategies.

Companies Mentioned in this Article

Elastic

Elastic develops search and analytics solutions that incorporate AI to enhance security operations.

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