Can businesses obtain coverage for risks associated with AI and machine learning systems, like model tampering or data poisoning?
How does cyber insurance address the risks associated with artificial intelligence and machine learning systems?
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Questions & Answers Board – CyberSecurity
Yes, businesses can obtain coverage for risks associated with AI and machine learning systems, such as model tampering or data poisoning, through specialized insurance policies known as AI insurance or technology errors and omissions insurance. These policies are designed to protect businesses from liabilities arising from the use of AI technologies. It’s important for businesses utilizing AI to review their insurance coverage and consider adding specific provisions to address these emerging risks.
Yes, risks tied to AI and machine learning systems, such as data manipulation or model theft, are increasingly being included in cyber insurance policies as these technologies become more prevalent and their associated risks are better understood. Insurers are adapting their policies to address the unique challenges posed by AI and machine learning, although coverage specifics can vary among insurance providers. It’s recommended to review the terms and conditions of individual cyber insurance policies to ensure they adequately address the specific risks associated with AI and machine learning systems.