Risks of AI technology such as data leaks, compromised sensitive information, unvetted datasets, biased algorithms, and skewed decisions can pose significant dangers. Steps should be taken by Chief Information Officers (CIOs) to balance innovation with compliance and security to safeguard their organizations. This involves foster a culture of responsible innovation, offering training on data security measures and having robust data governance policies. Training AI responses to bad or malformed prompts could rewind advancement in data informed organizations by a decade or two.
Rampant ransomware attacks have hit the healthcare industry, with incidents increasing by more than 600%, costing an average of $10 million per breach. This has