Security Considerations for the Application of Large Language Models in the Financial Sector

With the widespread application of large language models (LLMs) in the financial sector, their intelligent advantages have significantly enhanced the efficiency of business processes such as customer service, risk prediction, and compliance management. However, the security issues related to these models are becoming increasingly prominent, including data privacy and information leakage, bias and uncertainty in model output, and the risk of system attacks. This paper provides an in-depth analysis of these security concerns and proposes corresponding solutions, such as data encryption and protection technologies, model monitoring and validation mechanisms, as well as the strengthening of compliance and regulatory requirements. Finally, by examining a real-world case, the paper explores the future prospects and challenges of applying large language models in the financial sector, offering insights for further research and practice.

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Publication Details

Journal
Zenodo (CERN European Organization for Nuclear Research)
Published
2024-11-18
DOI
https://doi.org/10.5281/zenodo.14177280
Primary Topic
Neurology and Historical Studies
Type
article
Field-Weighted Citation Impact
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article

Security Considerations for the Application of Large Language Models in the Financial Sector

Zenodo (CERN European Organization for Nuclear Research)
Neurology and Historical Studies
article

Security Considerations for the Application of Large Language Models in the Financial Sector

article en

Abstract

With the widespread application of large language models (LLMs) in the financial sector, their intelligent advantages have significantly enhanced the efficiency of business processes such as customer service, risk prediction, and compliance management. However, the security issues related to these models are becoming increasingly prominent, including data privacy and information leakage, bias and uncertainty in model output, and the risk of system attacks. This paper provides an in-depth analysis of these security concerns and proposes corresponding solutions, such as data encryption and protection technologies, model monitoring and validation mechanisms, as well as the strengthening of compliance and regulatory requirements. Finally, by examining a real-world case, the paper explores the future prospects and challenges of applying large language models in the financial sector, offering insights for further research and practice.

Zenodo (CERN European Organization for Nuclear Research)
University of Michigan (US), Michigan United (US)
Openalex Percentile: Top 57%
Neurology and Historical Studies
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