Help Net Security, October 23, 2023
While 93% of companies recognize the risks associated with using generative AI inside the enterprise, only 9% say they’re prepared to manage the threat, according to Riskonnect.
The research reveals a profound AI risk management gap: To date, only 17% of risk and compliance leaders have formally trained or briefed their organizations on the risks of using generative AI.
“Generative AI is taking off at lightning speed and ushering in a new wave of business risks. Our research shows that most companies have been slow to respond, which creates vulnerabilities across the enterprise,” said Jim Wetekamp, the CEO of Riskonnect.
“The rise of generative AI is the latest example of how quickly today’s risk landscape evolves. We’ve officially entered a new generation of risk,” Wetekamp added.
Riskonnect’s research explores the new threats facing organizations and the strategies risk management teams are using to navigate the uncharted territory.
Companies could be doing more to manage risk
Companies’ top generative AI concerns include data privacy and cyber issues (65%), employees making decisions based on inaccurate information (60%), employee misuse and ethical risks (55%), and copyright and intellectual property risks (34%).
The top four risks affecting organizations today, in order, are talent shortages and layoffs, recession risk, ransomware and security breaches, and state-sponsored cyberattacks.
63% haven’t simulated their worst-case scenario. Only 5% feel prepared to assess, manage, and recover from a future unknown and unpredictable risk event.
Read the full article in Help Net Security.>>
