Experts are warning against using AI for financial advice. Here’s why

(CNN) - Experts are reminding people to be careful when using AI for financial help.

Bank statements, tax returns and other documents can contain sensitive information. They say it could be vulnerable if a breach occurs.

Experts suggest taking steps before using an AI tool for financial purposes. Those steps include checking the tool’s privacy and data retention policies, opting out of AI training and redacting information before sharing it.