ChatGPT - A Compliance Dream? Or Nightmare?

ChatGPT has taken the world by storm. If you don’t believe me then consider believing the stats.?

When it launched on November 30, 2022, it took less than five days for ChatGPT to reach a million users, a record adoption rate for online tech companies. Now, just a few months later, the user base currently sits at more than 100 million active users.

Despite its huge user base, it’s not difficult to understand why some in the security community have held ChatGPT at arm's length. But is it possible to use generative AI platforms in a way that doesn’t impact security or compliance??

Let’s discuss ??

Can GRC Safely Join the Party??

Practitioners operating in the compliance space are reluctant to accept the invitation, even if under the guise it could potentially make their lives easier.?

They can’t help but have a security-first mindset when it comes to GRC and AI. And I can’t say I blame them. For that reason, they are wary of Generative AI in Compliance and its possible pitfalls.?

For example, they are concerned that sensitive company data may be disclosed if employees enter confidential information into AI models, like ChatGPT, or that employees using the tool in their day-to-day role may inadvertently be using another entity’s intellectual property, which would open the company to legal risk.??????????????

To ensure the confidence and security of Compliance professionals while utilising AI in GRC, especially ChatGPT for security Compliance, certain safeguards need to be in place.

ISACA, the global professional IT association, advises GRC teams to be cautious about sharing proprietary company data with the AI model and to ensure that the AI model is continuously trained and retrained using appropriate datasets.

Once these necessary precautions are implemented, there are several compelling reasons for teams to adopt ChatGPT for their work.

How can ChatGPT help, instead of hinder??

Following ChatGPT’s proven ability to formulate a broad range of text-based content, business leaders and investors have started to focus on enterprise application use cases for ChatGPT and how it can assist GRC business functions.?

Here are a few, already in the works ??

Risk and Control Relationships:

By incorporating regulation-specific concepts, generative AI facilitates swift and accurate responses to user inquiries, enabling seamless document linkage to support review and validation.

Policy and Governance Creation:

Leveraging ChatGPT, GRC teams can receive valuable assistance in crafting tailored messaging and industry-specific text, aiding in the development of effective policies.

Domain Threat Hunting:

ChatGPT allows users to query and gain insights into recent insider and external threats relevant to their functions. For instance, it can describe the primary cyber threats in the healthcare sector.

Remediation Guidance:

Through personalised recommendations, ChatGPT offers users mitigation steps and strategies to address identified gaps. For example, it can explain how to recover a corrupted activity directory in a Windows domain, demonstrating its usefulness in risk and Compliance.

Contextual Changes to Relationships:

Within the context of specific applications, ChatGPT provides guidance on suitable actions to resolve problems. For instance, when implementing changes in business processes, it can advise on creating new controls or modifying existing ones while ensuring compliance with regulatory requirements.

The Potential

It is clear that Generative AI has the potential to help the GRC function increase efficiency and productivity and scale their Compliance programmes, as long as used securely.

So could GRC teams that grab this opportunity for growth by leveraging Generative AI technology be more likely to gain a significant competitive advantage? The evidence certainly points in that direction.?

If you need help finding a platform that helps your team navigate this new technology in a safe and secure way, I definitely have one in mind.?

In fact, Anecdotes is the first tool in the security Compliance space to integrate the world’s most advanced Generative AI, OpenAI, into its solution.

By either choosing from the query library or writing their own, customers can now enjoy contextual responses to their control, risk, and policy questions right from within the platform.

Want to know more? Send me a message, I’ll happily point you in the right direction.?

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