Technology Innovations
FINANCIAL INNOVATION SERIES:

Adversarial Machine Learning: Risks and
Opportunities for Financial Institutions

Alexey Rubtsov, PhD, Senior Research Associate, Global Risk Institute


INTRODUCTION

In a recent study, Microsoft found that 25 out of 28 firms surveyed did not have protections against the so-called  adversarial attacks on their machine learning (ML)-based systems.* One of the banks surveyed responded:
“[We] want to protect client info, employee info used in ML models, but we don’t have a plan in place.”

Adversarial ML is concerned with malicious attacks against ML models. The main goal of adversaries is to trick machine learning models by providing specialized, deceptive inputs that purposely confuse an ML model.

 

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Adversarial Machine Learning: Risks and Opportunities for Financial Institutions