The critical role of AI in safeguarding the digital realm ~
The rapid growth of data and technology infrastructures in our digital era has opened us up to the possibility of sophisticated cybersecurity threats. However, amidst these challenges, artificial intelligence offers a glimmer of hope by providing advanced tools to aid in digital security.AI considerably enhances the capabilities of cybersecurity professionals by automating menial tasks which allows them to focus more on strategic and high value operations.
Likewise, HSBC collaborated with Quantexa an AI start-up to design an AI solution capable of combating money laundering through analysing internal and transaction data. Another prime example is JP Morgan’s use of its Contract Intelligence platform in mitigating operational risks through the analysis of legal documents and reducing a significant amount of man hours in the process.
In doing so, it is evident that artificial intelligence presents itself as one of the most innovative solutions currently available in safeguarding our institutions from cyber-attacks while simultaneously maximising efficiency levels across various sectors such as finance through its numerous applications like biometric verification techniques which authenticate user identities.
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