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Interesting annual update by KPMG on the insurance industry from the perspective of CEOs and boards.
https://lnkd.in/eVXCgFmA
Boardroom uncertainty seems to be at an all-time high across the insurance industry. With 43% saying their cyber strategy can keep up with the growing demands of AI.
With 54% of respondents saying they were well prepared for a cyber attack, down from 66% in 2023.
‘Remember the old adage, no strategy or plan survives first contact’
Governance, governance and more governance, to balance out AI risk:
‘The AI product offering is growing exponentially. And employee appetite for tools that can help them save time and enhance their creativity is increasing as well. CEOs will need to help the organization find the right balance between innovation and risk by selecting the right use cases and technologies while ensuring the safe and ethical use of technology within the organization. It will take a deep understanding of AI and robust governance frameworks to mitigate the risks.â€
@Thaddeus Dziekanowski Brian D. McCarthy Faisal Khan
Veritas GRC KPMG
#cybersecurity #cyberriskmanagement #cyberregulation #ai
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