Security News > 2024 > July > Organizations weigh the risks and rewards of using AI

78% of organizations are tracking AI as an emerging risk while simultaneously adopting the technology themselves, according to AuditBoard.

The report, based on a survey of over 400 security professionals in the US involved in their organization's approach to cybersecurity and digital risk, reveals organizations are making significant strides in digital risk management compared to previous years.

Two-thirds of organizations prioritize AI risk assessment using existing internal processes and/or guidance and best practices from professional organizations.

Nearly half of respondents describe their risk tolerance towards AI as very high or high, while only 12% report a low or very low AI risk tolerance.

By implementing a framework for responsible AI use, enterprise organizations can ensure that AI supports their digital risk management objectives while maintaining trust and integrity in their AI initiatives.

While 81% of enterprise organizations have their digital risk management program integrated into IT and cyber risk management, just over half say their digital risk program is integrated across the enterprise.

News URL

https://www.helpnetsecurity.com/2024/07/05/digital-risk-management-approach/