ICBA offering community bank AI perspective at Senate hearing

ICBA today is telling 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 today’s Senate Banking Committee hearing on “AI and the American Dream,” ICBA is urging 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.

More ICBA Advocacy:

• ICBA formed an AI Task Force to provide practical guidance for community bankers.
• ICBA recently released the Community Banker AI Security Readiness Guide to assess 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.
• 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.
• ICBA is scheduled to host a complimentary webinar at 1 p.m. (Eastern time) today on its new AI Security Readiness Guide.