Now Reading: JPMorgan coalition targets AI-driven cyber risks
-
01
JPMorgan coalition targets AI-driven cyber risks
JPMorgan Chase chief executive Jamie Dimon has invited leading US companies to join the Alliance for Critical Infrastructure, the Times of India reports, citing Reuters. The group includes JPMorgan, Mastercard and Berkshire…
The Story in Brief
JPMorgan Chase chief executive Jamie Dimon has invited leading US companies to join the Alliance for Critical Infrastructure, the Times of India reports, citing Reuters. The group includes JPMorgan, Mastercard and Berkshire Hathaway Energy, with members from finance, energy, water, telecoms, airlines and railways. It is examining machine-learning vulnerabilities and autonomous cyber risks, while seeking common safeguards and coordination with the Trump administration. More than 40 companies have reportedly been approached, though its final membership and proposals are not known.
A J.P. Morgan Asset & Wealth Management report, cited by LiveMint, says the average time between vulnerability disclosure and exploitation has fallen to one day. It says patches were already available in about 60% of breaches and estimates a global cyber-security workforce shortage of 4.8 million. The report also says AI can help attackers find flaws and defenders develop fixes.
The Indian Opinion
Warnings that AI will instantly make every system unsafe are as unhelpful as claims that better software alone will solve cyber crime. The harder problem is basic execution: patching systems quickly, sharing useful threat information and staffing security teams. Company alliances can help, but private coordination cannot replace public oversight or disclose every risk. The practical test is whether members publish safeguards and whether breach rates fall after faster patching.
Sources (2): timesofindia.indiatimes.com, livemint.com
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
