As ChatGPT, Bard, and other generative AI technologies continue to gain attention and interest, there is a growing awareness among business and IT leaders of the potential risks and downsides associated with these large language models (LLMs). While LLMs have undeniably disruptive potential in areas like customer service and software development, organizations must also be prepared to manage the hidden risks that could threaten the technology’s business value.
Generative AI tools like ChatGPT are powered by LLMs, which use artificial neural networks to process large volumes of text data. These models are capable of interacting in natural language with users, creating a human-like communication experience. While this technology has garnered attention for its ability to compose poetry, tell jokes, and effectively communicate with users, it also poses certain security and privacy risks for organizations utilizing it.
One of the major risks associated with LLMs is the potential for oversharing sensitive data. LLM-based chatbots may inadvertently absorb and store confidential information, posing a risk of exposure to unauthorized individuals. Additionally, the training data used to create LLMs is often sourced from the web without explicit permission from content owners, raising potential copyright challenges for organizations that utilize this data.
Developers who rely on generative AI models to accelerate software development may encounter issues related to insecure code. While these models can efficiently generate code snippets and even entire programs, they can also introduce vulnerabilities if developers do not possess sufficient domain knowledge to identify potential bugs. Unauthorized access to LLMs could also enable hackers to exploit vulnerabilities and perform malicious activities, such as extracting sensitive information or interacting with confidential systems and resources.
Furthermore, the possibility of a data breach at the AI provider itself introduces another layer of risk, as hackers could potentially gain access to proprietary information through stolen training data. To mitigate these risks, organizations considering the implementation of generative AI technologies should prioritize data encryption, enhanced access controls, regular security audits, and thorough vetting of LLM providers. Additionally, developers utilizing LLMs to generate code should adhere to strict security guidelines and best practices.
However, despite these risks, there is no need to reinvent security protocols entirely. Many of the best practices and guidelines for mitigating these risks are familiar to most security teams and can be adapted to address the specific challenges presented by generative AI technologies. By prioritizing data security and privacy, implementing access controls, and ensuring thorough vetting of LLM providers, organizations can tap into the potential of LLMs while effectively managing the associated risks. It is, however, crucial that businesses prioritize implementing such safeguards while exploring the potential of generative AI for competitive advantage.

