GartnerLegal has identified 6 ChatGPT risks legal and compliance leaders need to evaluate. Read the press release here: Gartner_inc
. “Legal and compliance leaders should assess if these issues present a material risk to their enterprise and what controls are needed, both within the enterprise and its extended enterprise of third and nth parties. Failure to do so could expose enterprises to legal, reputational and financial consequences.”Risk 1 – Fabricated and Inaccurate Answers
“ChatGPT is also prone to ‘hallucinations,’ including fabricated answers that are wrong, and nonexistent legal or scientific citations,” said Friedmann. “Legal and compliance leaders should issue guidance that requires employees to review any output generated by ChatGPT for accuracy, appropriateness and actual usefulness before being accepted.
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