Audit committees and cyber: Adapting to change

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Cyber threat actors are increasingly using AI to target and tailor their attacks and search for new vulnerabilities. They’re producing sophisticated deepfakes of images, videos and voice, using those to trick people into helping them. For example, users have been targeted by sophisticated AI generated emails and voice calls in an attempt to compromise their email accounts. Call centres at banks have also been targeted in an attempt to get customer information. These types of attacks are expected to increase considerably, so management will need to ensure they’re keeping up to date on the latest attack techniques and the many tools and services that are available to detect and mitigate them.

Sophisticated tools are needed to combat these attacks. While cyber threat actors are increasingly using AI, organizations are also applying AI to cyber defence. AI can sift through massive data sets in real time, derive actionable insights and be trained to take automatic defensive actions. It’s being used to improve incident detection, assess vulnerabilities, manage access and assess third-party risks. However, AI comes with its own set of risks and creates a new avenue of attack…

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