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The Cyber Risk Institute Announces Participation in Department of Commerce Consortium Dedicated to AI Safety

The Cyber Risk Institute will be one of more than 200 leading AI stakeholders to help advance the development and deployment of safe, trustworthy AI under new U.S. Government safety institute.

(Washington, D.C.) – February 8, 2024. the Cyber Risk Institute announced that it joined more than 200 of the nation’s leading artificial intelligence (AI) stakeholders to participate in a Department of Commerce initiative to support the development and deployment of trustworthy and safe AI. Established by the Department of Commerce’s National Institute of Standards and Technology (NIST), the U.S. AI Safety Institute Consortium (AISIC) will bring together AI creators and users, academics, government and industry researchers, and civil society organizations to meet this mission.

“The Cyber Risk Institute (CRI) is pleased to be a part of the new US Artificial Intelligence Safety Institute Consortium. Our membership consists of financial institutions of varied sizes, complexities, and footprints who are all focused on improving cybersecurity and resiliency in the financial sector through a NIST-based cybersecurity assessment tool called the CRI Profile. Collectively, we understand the growing importance of AI and the need to appropriately understand and manage related risks for our institutions, the consumers, and broader economy. We look forward to contributing to the consortium’s goals of building and maturing trustworthy and responsible AI,” said Josh Magri, Founder & CEO of the Cyber Risk Institute.”

“The U.S. government has a significant role to play in setting the standards and developing the tools we need to mitigate the risks and harness the immense potential of artificial intelligence. President Biden directed us to pull every lever to accomplish two key goals: set safety standards and protect our innovation ecosystem. That’s precisely what the U.S. AI Safety Institute Consortium is set up to help us do,” said Secretary Raimondo. “Through President Biden’s landmark Executive Order, we will ensure America is at the front of the pack – and by working with this group of leaders from industry, civil society, and academia, together we can confront these challenges to develop the measurements and standards we need to maintain America’s competitive edge and develop AI responsibly.””

The consortium includes more than 200 member companies and organizations that are on the frontlines of developing and using AI systems, as well as the civil society and academic teams that are building the foundational understanding of how AI can and will transform our society. These entities represent the nation’s largest companies and its innovative startups; creators of the world’s most advanced AI systems and hardware; key members of civil society and the academic community; and representatives of professions with deep engagement in AI’s use today. The consortium also includes state and local governments, as well as non-profits. The consortium will also work with organizations from like-minded nations that have a key role to play in setting interoperable and effective safety around the world.

The full list of consortium participants is available here.

About Cyber Risk Institute: The Cyber Risk Institute (CRI) is a not-for-profit coalition of financial institutions and trade associations. We’re working to protect the global economy by enhancing cybersecurity and resiliency through standardization.

Media Contact:
Emily Beam
November 17, 2022

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