Image via Firstrust Bank.
Firstrust Bank will host the Philadelphia Titan 100 event to urge business leaders to be wary of the dangers artificial intelligence poses to society. Left: Peggy Leimkuhler, Chief Operating Officer and Chief Technology Officer, Firstrust Bank, and Adwait Joshi, her CEO, DataSeers.
Artificial intelligence has always promised a future full of innovation and progress. But this promise comes with risks.
As we stand on the cusp of a new technological dawn, experts are warning of the potential dangers AI poses to society.
This was the theme of the Philadelphia Titan 100 event held recently at First Last Bank's headquarters in Conshohocken, which discussed how AI and cybersecurity are converging to redefine leadership in the digital age. Ta.
The Philadelphia Titan 100 is a leading group of 100 CEOs and executives representing both the private and public sectors in the region. Adwait Joshi, keynote speaker and CEO of DataSeers, spoke to these “industry giants” who demonstrate extraordinary leadership, vision, passion, and influence in their fields of expertise while mitigating the risks of AI. It urged them to use a balanced approach to harnessing the benefits of AI. .
“This technology can do a lot of great things in the hands of good people, but imagine if this same technology fell into the wrong hands,” he says. said Joshi, who runs the company and addresses challenges that people experience. Banking and payments industry. “Some people want to see how far they can go, how far they can experiment. Leaders like Steve Wozniak (Apple) and Elon Musk (Tesla) are pushing back on technology that could harm humanity. He actually signed a petition saying not to develop it. Musk said AI would cause World War III.”
Although AI has been around for more than half a century, recent advances in generative AI (such as algorithms that can be used to create text, audio, images, video, etc. (think ChatGPT)) have dramatically changed content creation. It has changed to
“When we talk about AI, it’s important to focus on what exactly we’re talking about,” said Firstrust, who moderated the Q&A portion of the event and shared expertise from his career as a banker. said Peggy Leimkuhler, Bank's Chief Operating Officer and Chief Technology Officer. It spans over 20 years. “We've been using AI in our business for decades. When you use a credit card, you get an alert asking if you're really who you say you are (making a purchase), that's AI. .This is a great tool with many benefits. But we all need to think through the risks.”
Mr. Leimkuhler's experience includes nearly all aspects of commercial banking with a focus on technology, operational infrastructure, compliance and risk management. He emphasized how essential it was for the leaders in attendance to think about their businesses, especially banking and financial security.
“I can tell you firsthand that no one expects it to happen to them until it happens to them,” Limekuler said of security breaches. “There's no one in this room who doesn't know their social security number, date of birth, mother's maiden name, last known address. Your information is out there, and the best way to protect yourself is through security.” It’s about thinking about it.”
philadelphia subway We recently named Lime Cooler one of our 2024 Power Women for her work in making Philadelphia a more just and innovative city. She is the president of the Philadelphia World Affairs Council, a nonprofit organization with a 75-year history of connecting Philadelphia to the world and positioning the region as an international hub for business and education. She is the first woman to serve as president of the board. , Culture, and Subnational Diplomacy.
At Firstrust, Mr. Leimkuhler is tasked with ensuring the bank's secure and reliable operational infrastructure and evolving strategic technology investments to meet customers' changing needs.
“There are a lot of small things we can do to keep the paranoid us healthy,” Limekuhler says. “We want to have healthy delusions.”
“We only protect ourselves from what we know. We cannot protect ourselves from what we don't know,” Joshi said. “Don't be lazy. It's not about (if you get attacked); it's about when. They (cyber criminals) only need to be right once. To avoid an attack, it's about when. , always have to be right. If you have something valuable, someone will try to steal it. That's the law of nature.”
Learn more about how Firstrust Bank is leading the way in cybersecurity as artificial intelligence and cybercriminals increasingly compromise technology and disrupt personal and business lives around the world .
