Risk Management
Failure mode and effects analysis
The P-Diagram, a supporting tool, or the complete confusion?
IDW PS 340: Audit of the early risk detection…
From a quantitative change of course to a view of opportunities
GPT-4 exploited 87% of vulnerabilities
LLM and their emerging role in cybersecurity
An actual study demonstrates that large language models (LLMs), particularly GPT-4, can autonomously exploit one-day vulnerabilities in real-world systems with an 87% success rate when provided with…
Natural disasters and man-made catastrophes
Global insured losses from disaster events in 2017 were the highest ever
Defining Trends and Ways to Prepare
Risk Management Forecast for 2024
2023 undeniably etched its place in financial services history, a year marked by accelerating change and a precarious financial climate. It brought calamity in the form of largely unforeseen bank…
Perverse instantiation and reward hacking
Midas GPT: "Ethical guardian" for AI users
Tales such as that of King Midas – whose desire to turn everything into gold ultimately proved fatal – reflect a central dilemma that is becoming significantly more important in the age of advancing…