In a 2023 survey of over 1,300 risk and compliance professionals across the globe, three out of ten respondents reported that their organizations have experienced a data privacy or cybersecurity breach in the past three years, a notable increase from 22% in 2022.
With cyberthreats evolving at an unprecedented pace, organizations are increasingly turning to artificial intelligence (AI) to bolster their GRC efforts – and rightly so. Organizations that used security AI and automation extensively reported $1.76 million lower data breach costs compared to ones that didn’t use AI.
What’s more, organizations using AI also experienced, on average, a 108-day shorter time to identify and contain data breaches, as per IBM’s 2023 Cost of a Data Breach Report.
AI’s ability to analyze vast datasets, identify patterns and predict potential threats offers a transformative approach to managing cyber risks, ensuring compliance and guiding governance strategies.
This post delves into how AI is reshaping the cyber GRC landscape, enhancing efficiency and effectiveness in safeguarding data and digital assets.
AI in Cyber Governance
Governance in the cyber realm entails the strategic management…
