The Hong Kong Monetary Authority (HKMA) announced the launch of the new Generative Artificial Intelligence (Gen AI) Sandbox, in collaboration with the Hong Kong Cyberport Management Company Limited (Cyberport). According to the announcement, through interactive engagement with the industry, the HKMA will draw insights from the Gen AI Sandbox and share good practices, while keeping its guidance relevant and fit-for-purpose in the light of the latest development.

Alex Leung, co-founder of OneDegree Global, says, “we're supporting this AI revolution with our AI Red Team solutions at Cymetrics, the security assessment brand under OneDegree Global, that identify critical vulnerabilities and risks and ensure compliance in security, privacy, and bias. The digital domain is facing an unprecedented escalation of cyber threats, with emerging AI technologies presenting both immense potential and novel challenges. Alongside the exciting use cases around Generative AI including Large Language Model (“LLM”) applications bring new types of vulnerabilities and uncertainties to businesses who are eager to become early adopters.”

He added, “by providing scalable AI risk assessments through our automated testing platform, Cymetrics Vulcan, we help financial institutions navigate the complexities of Generative AI risks, enhancing risk management and reinforcing security measures that are essential in this new environment.”

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