Fri, Feb 28, 2020

Alan Brill and Elaine Wood Article Featured in Ethikos Newsletter

Artificial intelligence (AI) systems are created to examine various characteristics of transactions and use the information to process data accordingly. In other words, AI systems are programmed to make decisions based on available information. In an article published in Ethikos, a newsletter distributed by the Society of Corporate Compliance and Ethics, Alan Brill, Senior Managing Director in the Cyber Risk practice of Kroll, a division of Duff & Phelps, and Elaine Wood, Managing Director in the Compliance Risk and Diligence practice at Duff & Phelps, highlight the role of AI within compliance.

Alan and Elaine discuss the importance a compliance team’s role when an organization incorporates AI into their software and the compliance team’s responsibility to ensure that the AI system is operating within company guidelines. They further suggest that compliance departments deserve a proper seat at the table from the initiation of an AI project through its implementation. This practice will safeguard a company and its employees from vulnerabilities within AI. 

Article is available for subscribers here