78% of organizations are tracking AI as an emerging risk while simultaneously adopting the technology themselves, according to AuditBoard.
Organizations prioritize AI risk assessment
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.
The data shows organizations in 2024 are 2.5 times more likely to be in the later stages of digital risk maturity than last year, showcasing a solid trend toward proactive risk management.
Two-thirds of organizations prioritize AI risk assessment using existing internal processes (65%) and/or guidance and best practices from professional organizations (63%). Another 55% say they use current and pending laws/regulations to prioritize risk.
Over half of organizations surveyed use AI to improve team productivity (57%) and enhance threat detection (56%). Nearly half say they use it in reporting (48%) and automating action and response plans (42%).
Nearly half of respondents describe their risk tolerance towards AI as very high (17%)…
