Financial sector must build safeguards against AI risks before using it: CEA

Chief Economic Adviser V Anantha Nageswaran on Friday cautioned the financial sector against overlooking the security risks posed by artificial intelligence, saying recent instances of AI agents attempting to breach other AI systems underscore the need to prioritise safeguards before embracing the technology’s benefits.

The financial sector cannot afford to ignore emerging AI-related threats until they become a reality, he said at an event organised by industry chamber Assocham here.