A survey launched Friday by company insurer Axis Capital reveals there is a rising divide throughout the C-suite on how executives view the dangers, rewards and influence of cutting-edge AI expertise.
On one hand, synthetic intelligence is quickly enhancing cybersecurity protection applied sciences, however AI can be equipping cybercriminals with refined instruments and creating new dangers.
“When you concentrate on AI, it isn’t merely a cyber problem. This expertise presents distinctive burdens, liabilities, challenges and alternatives to CEOs and boards alike,” Axis CEO Vincent Tizzio instructed CNBC in an unique interview.
Axis surveyed 250 CEOs and chief data safety officers throughout the U.S. and U.Okay. on how AI is reshaping the cyber threat panorama. The survey discovered that whereas CEOs are inclined to view AI as a driver of productiveness and aggressive benefit, CISOs are inclined to see the expertise as a supply of elevated publicity to dangers like information leaks.
Requested how assured they had been that AI would strengthen their firms’ cybersecurity, 19.5% of CEOs mentioned they weren’t assured in comparison with 30% of CISOs saying they lacked that confidence.
“The rapidity of change that is happening in AI renders reconsideration of the purchases that they are making and taking across the instruments that they are bringing to the corporate,” Tizzio mentioned.
The examine additionally discovered that AI is usually considered positively amongst each U.S. and U.Okay. executives, though U.Okay. respondents expressed extra warning than these within the U.S.
Whereas 85% of U.S. leaders mentioned they felt ready for AI threats, solely 44% within the U.Okay. mentioned they felt ready.
Cybersecurity is a significant funding precedence for executives as ransomware assaults have practically doubled over the previous two years, with 82% of respondents saying they plan to extend their cybersecurity budgets over the subsequent 12 months.
“I have not met a fellow CEO or board member that does not speak concerning the vital significance of discussing cyber as an publicity to the corporate’s well-being,” Tizzio mentioned.
