Danielle Mccoy on artificial intelligence
From Governance, Ethics, and Safety: Delivering the Promise of AI with Danielle McCoy · · Fannie Mae
“AI and especially generative AI poses a lot of risk and so some of those risks are legal risk such as privacy or bias, intellectual property; some of those risks are things like hallucination and we've seen bad actors already use these things for fraud or to create deep fakes which hurt cybersecurity.”
On , Danielle Mccoy, Senior Vice President, General Counsel & Corporate Secretary at FEDERAL NATIONAL MORTGA ASSN, spoke about artificial intelligence during Governance, Ethics, and Safety: Delivering the Promise of AI with Danielle McCoy on Fannie Mae.
About Danielle Mccoy
Danielle McCoy, Senior Vice President, General Counsel & Corporate Secretary at Fannie Mae, discussed the risks and governance of artificial intelligence in a March 2025 appearance. She stated that AI and generative AI pose legal risks such as privacy, bias, and intellectual property concerns, as well as risks like hallucination and misuse by bad actors for fraud or deepfakes that harm cybersecurity. McCoy emphasized the need to create governance structures around AI and, more importantly, to establish a culture for employees using the technology. McCoy noted that one of the first steps her organization took was to develop ethical principles for AI use. She said these principles incorporate regulations and best practices to guide employee behavior with AI.