New Treasury initiative targets improved cyber risk management for AI tools

The U.S. Treasury will release a series of resources developed by a public-private AI Executive Oversight Group to help financial institutions adopt AI securely, emphasizing governance, data management, transparency, fraud prevention, and digital identity. Aimed at reducing regulatory friction while improving cybersecurity resilience across the financial system, the initiative underscores risks from AI-related vulnerabilities and third-party dependencies, with a recent breach at Figure cited as context.