Dive Brief:
- Enterprises are working to address AI’s risks as adoption increases, according to a report published this week by insurance and risk management services firm Gallagher. The analysis is based on a survey conducted by research firm Opinium of 900 business leaders.
- More than 2 in 5 leaders say they’ve strengthened cybersecurity practices and reassessed privacy and data security measures to mitigate increased threats, misuse and other vulnerabilities tied to using AI. Business leaders most often cited inaccurate outputs, data breaches, privacy violations and legal liabilities as key concerns.
- Despite adjusting strategies, business leaders were less likely to communicate AI’s risks to the workforce than they were a year ago, dipping from 84% to 78% year over year.
Dive Insight:
Enterprises are pouring more money and resources into AI initiatives, whether it’s tapping new services, getting legacy systems ready for integration or training employees on how to best use the technology.
Talent strategies reflect enterprise enthusiasm for AI — and concerns around securing it.
AI and cyber topped a list of in-demand technology roles, according to Robert Half’s analysis of 6 million new positions in the U.S. across job boards and company sites.
Security and risk management are interwoven into each aspect of the holistic approach, or at least experts say they should be. Most companies, however, aren’t as cyber resilient as they think they are, according to a report from data backup vendor Cohesity.
“Organizations carried out a few communications campaigns across their teams and organizations and then stepped away,” said Ben Warren, managing director, head of digital and AI transformation, communication consulting at Gallagher. “But it’s not a one-and-done exercise.”
Enterprises, like EY, are working on getting the right frameworks and teams in place to protect the business from increased threats, misuse and other vulnerabilities tied to AI.
Organizations also spend time gathering best practices to guide secure and responsible enterprise adoption. Earlier this week, the National Institute of Standards and Technology released the latest iteration of its guide to assessing and managing the security of AI systems.
Cyber leaders are bullish on strengthening security measures with AI. Around 70% intend to purchase access to the technology in the next year, according to a CrowdStrike survey published in December. Despite adoption plans, less than 2 in 5 cyber chiefs believe generative AI’s rewards outweigh its risks.
