In March 2024, the U.S. Department of the Treasury published a white paper on Managing Artificial Intelligence-Specific Cybersecurity Risks in the Financial Services Sector.  Treasury’s white paper draws on and incorporates many of the issues identified by the Financial Services Sector Coordinating Council (FSSCC) Research and Development (R&D) Committee Paper: Artificial Intelligence in the Financial Sector: Cybersecurity and Fraud Use Cases and Risks and is included as an annex. The FSSCC white paper lays out opportunities and risks, particularly cybersecurity-risks, of AI deployment within the financial sector. It addresses current and anticipates use cases of cybersecurity and fraud AI solutions within the sector. Next, the paper focuses on novel risks introduced alongside the evolution of AI technologies, including how adversaries are leveraging these advancements to create new threats. Finally, the paper offers ideas on how to encourage AI innovation and manage risk across the sector. The issues covered in the FSSCC R&D Committee white paper were among those highlighted for follow on action when Treasury and FSSCC established the Artificial Intelligence Executive Oversight Group (AI EOG) in October 2024.