Dark side: criminal use of artificial intelligence

Richard Parlour (+44 (0)1727 845897, rp@fmli.co.uk) has been chairing the EU Task Force on Cybersecurity for the Financial Sector. He advises on financial markets, regulatory and compliance matters at Financial Markets Law International.

A recent IBM survey showed that 50 per cent of all projects described as employing artificial intelligence in fact had no discernible element of AI in them. Is this, in itself, a fraud – ‘AI washing’? Richard Parlour of Financial Markets Law International examines what qualifies as AI before discussing its uses by the criminal fraternity as well as by law enforcement.