ICBA told Congress that community bankers recognize the opportunities presented by artificial intelligence as well as the rising threat of AI-generated fraud and cybersecurity vulnerabilities.
Details: In a statement for the record for a Senate Banking Committee hearing on “AI and the American Dream,” ICBA urged senators to ensure recognition of the critical role played by community banks as Congress and federal agencies develop new AI policies.
AI in the Spotlight: After President Donald Trump’s recent executive order on Promoting Advanced Artificial Intelligence Innovation and Security explicitly recognized community banks as a critical infrastructure component, ICBA said it hopes this results in equitable access to federal AI security resources and coordination.
ICBA AI Resources:
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ICBA formed an AI Task Force to provide practical guidance for community bankers.
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A recording of this week’s complimentary ICBA webinar on its newly released guide to help community banks navigate the artificial intelligence security landscape is available on demand.
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ICBA’s recently released Community Banker AI Security Readiness Guide assesses the AI threat shift, what it means for local institutions, and how to strengthen third-party due diligence, update and test incident response plans, among other topics.
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ICBA led development of a Joint AI Action Plan to urge immediate federal action to prepare for a new era of AI-enabled cybersecurity risk.
