Risk management and fraud news from around the web: May 8 – 12, 2023

Bid for business-friendly ChatGPT seen facing long haul 

Cybersecurity experts say it may be a long while before ChatGPT can be trusted to handle sensitive business data, despite recent steps by the popular AI tool’s creator. 

Complex property risks create challenging market 

As property schedules get larger, property owners need to be more aware of the risks and exposures they face. With bigger portfolios of physical assets, the more likely they will experience multiple types of losses. Property risks have become more complex, and that trend is likely to continue. 

Bank failures offer CFOs 6 lessons in risk management 

First Republic's failure, and regulators' reports on SVB and Signature Bank, reveal poor executive decision-making and a touch of hubris. 

The flight to crypto quality: Risk management at center stage 

In the wake of the collapse of prominent crypto firms and contagion concerns, the starting point for cryptocurrency investment decisions should center on risk management…and then risk management again.