Gurgaon, February 28, 2024: Shri Brijesh Singh, Principal Secretary to the Chief Minister, Government of Maharashtra, has emphasised the need for “responsible AI”, “humans in the loop for important decisions” and “explainable AI” to combat the dangers of cybercrime resulting from “hidden biases in AI”. He was speaking at a panel discussion on “Chasing Shadows: The Fintech-Cyber Cop Tango Against Digital Bandits”, at the India Digital Summit, in Mumbai on 27th Feb.
“Gen AI itself has opened up a huge opportunity for cybercriminals to multiply their capabilities and this has left the whole fintech and financial ecosystem of the world at a very vulnerable place”, Shri Singh warned in his address.
Highlighting the need for responsible AI, co-panelist Anuj Gupta, CEO, Hitachi Systems India, said “Gen AI is a game-changer. We will have AI attack, AI prevent, then again attack. Looking at all of that is very important from the government level, at enterprise level, and even at consulting level, for all of us, to put in rules, regulations around AI. We are working with a lot of start-ups from the U.S and we’re getting them to India to talk about how we can really regulate AI and how can we make a place where we have a level playing field.”
Replying to a question from the session-moderator Burgess Sam Cooper, Cybersecurity Consulting Partner, EY, about the state of public-private partnership in tackling the threats from “digital bandits”, Shri Singh said, “Unfortunately not much is happening there. Innovation will have to come from a purely, if not philanthropic, an altruistic space, which then, may or may not have, any economic benefits.”
IDS 2024 is being organised by IAMAI in partnership with the Ministry of Electronics and Information Technology (MeitY), the Ministry of Information and Broadcasting (MIB), the Union Ministry of Tourism, UIDAI, Indian Cybercrime Coordination Centre (I4C), Government eMarketplace, In-Space and Skill India Digital. The Summit is Co-powered by Peak XV and WhistleFEED, and Brought to You by META.
Other IDS 2024 partners include Aaj Tak, Affle, Agrahyah Technologies, Air India Express, AiSensy, Albatross Media, Asianet News, Atmegame, Australia Trade & Investment Commission, Bharat BillPay, BillDesk, Builder.ai, Careers360, Chalo, DigiBoxx, Ethinos, Fi Money, HERE India, indixital, Infinity Learn, Infobip, Interactive Avenues, ixigo, Jagran New Media, JOJO, Lionsgate, Liqvd Asia, MakeMyTrip, MapmyIndia, Markscan, Neokred, PhonePe, Physics Wallah, Pivotroots, Razorpay, Shiprocket, Sinch, Times Internet, Transport Corporation of India, True Balance, ValueFirst, and Zupee.
Established in 2004, the Internet and Mobile Association of India (IAMAI) is a not-for-profit industry body representing the digital industry. With 580 members, including Indian and multinational corporations, as well as start-ups, IAMAI has been instrumental in shaping India’s digital economy. IAMAI advocates free and fair competition, and progressive and enabling laws for businesses as well as for consumers. The overarching objective of IAMAI is to ensure the progress of the internet and the digital economy. Its major areas of activities are public policy and advocacy, business to business conferences, research, promotion of start-ups and promotion of consumer trust and safety.
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