Risk Management Show

AI Risk Management: Protect Your Company Before It's Too Late with Alec Crawford

8 snips
Oct 27, 2025
Alec Crawford, co-founder of Artificial Intelligence Risk, Inc. and a veteran Chief Risk Officer, shares his expertise on navigating AI risks. He discusses aligning AI governance with corporate goals and addresses high-risk AI use in banking and healthcare. Alec highlights the evolving cybersecurity landscape, emphasizing the need for proactive measures against model attacks and data leakage. He offers practical strategies for organizations to implement effective risk management and hints at the future of agentic AI transforming risk frameworks.
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ANECDOTE

From TRS-80 Kid To AI Risk Founder

  • Alec Crawford started programming on a TRS-80 and built neural networks in 1987 as a Harvard CS student.
  • He moved into banking, became a CRO in 2008, and founded Artificial Intelligence Risk to onboard AI safely.
ADVICE

Limit AI Capabilities And Data Access

  • Define what AI is allowed to do and what data it can access before deployment.
  • Start with narrow, task-specific agents to assist humans rather than granting full autonomy.
INSIGHT

Consumer Data Creates Disproportionate Risk

  • Consumer-data use cases are highest risk because of regulatory and reputational impact.
  • Banks must encrypt sensitive inputs at prompt time to comply with GLBA and HIPAA requirements.
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