AI TRiSM

Trust, Risk, Security, and Management – these aspects probably are what the majority of businesses and companies out there wish to “seek, fix, and improve” inside their organization. Combine it all into one framework using a cutting edge technology, there you have AI TRiSM!

We’re living in an all digital world with easy access to the IoT to do business and connect with people worldwide. The Internet alone exerts a strong influence on economic growth rate and researchers show that the Internet accounts for almost 4 percent of the major economies that makes up more than two-thirds of the global GDP. In 2021 alone, the global internet advertising revenue stood at 365.9 billion dollars and these numbers impact how businesses work.

However, not many realize that “these numbers” aren’t actually good for business and organization out there because… The more people and businesses rely on the Internet, the more they put themselves at risk to face unknown attacks. Why? Okay, let’s talk numbers and understand this mindset.

• As of the early 2023, there are 5.16 billion internet users worldwide, which makes up 64.4 percent of the global population.

• There are around 97% of businesses worldwide that use the Internet for various purposes such as communication, marketing, and sales while 18% of them fully rely on its operations.

• There are over 2,200 attacks each day that equates to over 800,000 attacks each year. 

• Data breaches cost businesses an average of $4.35 million in financial loss in 2022.

To break down the numbers, as the percentage of users and businesses grew inside the Internet, hackers and data breaches have also become more sophisticated and hard to detect. Businesses and entities are more vulnerable than ever to have themselves exposed and be the target of cyberattacks and losses. But wait… “Everyone will always be on the Internet” and this doesn’t mean that there is no prevention to be shielded. How so?

Once again, artificial intelligence has proved not once nor twice, but on multiple occasions that it not only stands for itself but also could improve and integrate with other aspects and knowledge in the tech industry. AI TRiSM (Artificial Intelligence Trust, Risk, Security and Management) is an emerging technology trend that will revolutionize business in the upcoming years through help on “identifying, monitoring, and reducing” potential risks using AI foundation.

How does it work? AI TRiSM focuses on detecting and preventing adversarial attacks through attacks detection,  attack defense, artifacts localisation and adversarial training. The AI model ensures a model governance, trustworthiness, fairness, reliability, robustness, efficacy and data protection. It allows businesses to use AI securely and safely with solutions and techniques for model interpretability and explainability, AI data protection, model operations and adversarial attack resistance. 

Why is it in need? AI TRiSM is highly seeked because when AI can establish a safe platform, companies can focus on using these models to drive growth, increase efficiency and create better customer experiences. For instance, AI TRiSM provides an automated way to analyze customer data, allowing businesses to quickly identify trends and opportunities to improve their products and services. Not only provides, but it actually protects and preserves the best of it.

Where is it now? AI TRiSM is now being used in various financial industries, including credit card companies, banks, online payment systems, and mobile banking. It is used to detect and prevent fraud in real-time by analyzing large volumes of transaction data and assigning a risk score to each transaction. This technology helps financial institutions protect their customers from unauthorized transactions and minimize the risk of financial loss. 

AI TRiSM is a powerful tool that is revolutionizing the way financial institutions detect and prevent fraud. But worry not, like any other AI innovations, it could be used in basically any industry and purposes as it will effectively help businesses to automate tasks, including customer service work, lead generation, fraud detection and quality control. As fraudsters continue to develop new tactics, AI TRiSM will continue to “adapt and evolve” to stay ahead of the game.

Speaking of staying ahead of the game… Here at BIGIT, we can help you to head start your journey with the new tech trends and set a digital presence and change possibilities into strategies entering the new year and new market. With a decade long experience specializing in Conferences, Masterclasses, and focused In-House Training Service “personalized A to Z solutions” for businesses across industries – Reach out to us or  CLICK HERE to learn more!