Circulars
 Published Date: 30 July 2024

MAS/TCRS/2024/05: Cyber Risks Associated with Generative Artificial Intelligence

MAS has published an information paper on “Cyber Risks Associated with Generative Artificial Intelligence (GenAI)”. The paper aims to raise financial institutions’ (FIs) awareness by providing an overview of key cyber threats arising from GenAI, the risk implications, and some of the mitigation measures that FIs could take to address the risks. 

This information paper will be followed by an information paper on AI model risk management by 4Q 2024/1Q 2025. FIs can also refer to the industry-led Project MindForge’s whitepaper on “Emerging Risks and Opportunities of Generative AI for Banks (1.21 MB)”. 
View Document MAS/TCRS/2024/05: Cyber Risks Associated with Generative Artificial Intelligence (498.5 KB)