OneDegree Global Launches Initiative to Mitigate Generative AI Cybersecurity Risks

OneDegree Global tackles rising cybersecurity concerns associated with generative AI by offering innovative risk assessment services through their platform Cymetrics Vulcan.

OneDegree Global’s Initiative to Combat AI Cybersecurity Risks

Generative AI has emerged as a pivotal force in today’s digital landscape, enabling businesses to enhance operational efficiency and transform customer service experiences. By leveraging generative AI, companies can swiftly understand and respond to customer inquiries while anticipating potential needs. However, this rapid adoption comes with significant cybersecurity considerations that cannot be ignored.

The Need for AI Risk Assessment

Most organizations rely on open-source large language models (LLM) combined with industry-specific data for developing AI solutions. This approach exposes them to a range of cybersecurity risks. In recent years, governments have started to establish regulations to protect both AI systems and their users. The European Union set the stage with the Ethics Guidelines for Trustworthy AI in 2019, followed by proposals for the AI Act and other similar initiatives in the US and Canada, aiming to ensure ethical AI development.

According to Frank Liao, Senior Partnership Manager at OneDegree Global, businesses face two primary categories of AI risks. The first pertains to cybersecurity threats. As AI integrations become more prevalent, systems become susceptible to novel attacks such as prompt injection and jailbreaking. These maneuvers exploit AI systems by tampering with inputs, leading to vulnerabilities that hackers can leverage to access sensitive data illicitly.

The second category involves compliance risks. As organizations increasingly rely on AI for crucial decision-making processes, it raises pressing concerns about the fairness and legality of AI-generated content.

AI Cybersecurity Understanding the risks associated with AI systems is vital for organizations.

Cymetrics Vulcan: A Solution for Today’s Anxieties

To address these challenges, OneDegree Global has developed Cymetrics Vulcan, an LLM verification platform specifically designed to evaluate AI models for their vulnerabilities and adherence to responsible AI standards. This innovative solution significantly reduces the time required for AI red teaming from 200 hours to merely three, providing a streamlined path for companies to safeguard their AI systems.

Cymetrics Vulcan allows businesses to ascertain the security and compliance of their AI applications before deployment, achieved in a cost-effective and timely manner. Built around Amazon Bedrock, OneDegree Global probes deep into customer AI models to identify potential risks.

OneDegree Global holds a notable position within the insurance industry, offering advanced solutions to insurance firms and brokerage companies. Their proactive approach helps these organizations embed cybersecurity measures across all aspects of their operations, thus enhancing their overall security posture.

The Challenges of AI and Cybersecurity

Despite the advancements in AI ethics and security integrations, challenges persist. Liao emphasizes that LLMs are still prone to hallucinations, where they can produce inaccurate or fictional outputs. Such vulnerabilities not only risk data security but can also have severe reputational ramifications and potential legal consequences for businesses.

OneDegree Global’s Cymetrics offers thorough assessments focusing on security, privacy, safety, and fairness, thereby ensuring compliance with regulations governing AI. By employing comprehensive testing and advanced attack techniques, they can identify critical risk areas within AI systems, offering actionable insights for improvement.

Success with Taishin International Bank

The efficacy of Cymetrics Vulcan has been evidenced through its collaboration with Taishin International Bank, which sought out OneDegree Global’s expertise while developing its financial AI service, “Taishin Brain.” This partnership marks a significant milestone, making Taishin the first bank in Taiwan to build a responsible AI system in alignment with regulatory guidelines provided by the Financial Supervisory Commission of Taiwan.

This alignment with regulations underscores a growing trend toward responsible AI usage among financial institutions, highlighting the importance of compliance frameworks as businesses incorporate AI technology into operations.

AI in Finance Responsible AI deployment is crucial for financial institutions.

Expansion Plans and Future Outlook

In line with its future growth strategy, OneDegree Global has recently joined the Startup Terrace Kaohsiung AWS Joint Innovation Center (JIC) program, aspiring to maximize its innovative solutions and expand its reach across various industries. Liao notes that businesses are increasingly prioritizing data protection amidst rising cybersecurity incidents. Common protective tools like firewalls are inadequate against the unique challenges posed by generative AI applications.

OneDegree Global’s customizable solutions for LLM cybersecurity risk assessment are strategically designed to meet the diverse needs of different sectors, including finance and manufacturing. This proactive outreach has connected them with potential clients seeking robust cybersecurity measures as AI technology continues to proliferate.

Looking ahead, OneDegree Global plans to take its LLM cybersecurity risk assessment services beyond Taiwan, targeting the burgeoning markets across the Asia Pacific and into the Middle East, where regulatory needs and AI-driven innovations create substantial opportunities.

As these regions increasingly emphasize information security solutions that are compliant with evolving regulations, OneDegree Global remains committed to harnessing this momentum. Additionally, plans for a strategic approach towards entering the European market further demonstrate their ambition to capture emerging opportunities in the AI landscape.

In summary, while generative AI presents remarkable opportunities for innovation and customer engagement, the associated cybersecurity risks demand vigilant approaches to risk management and compliance. OneDegree Global stands at the forefront of this challenge, equipping businesses with the tools necessary to navigate the complex intersection of AI technology and cybersecurity effectively.

Conclusion

As the landscape of generative AI continues to evolve, companies must remain proactive in addressing the associated cybersecurity challenges. OneDegree Global’s innovative solutions, like Cymetrics Vulcan, offer vital support in the crucial journey toward responsible and secure AI deployment.