Navigating generative AI risks and regulatory challenges
Navigating generative AI risks and regulatory challenges A benchmarked view of emerging risks “Generative AI was the second most-frequently named risk in our second quarter survey, appearing in the top 10 for the first time,” said Ran Xu director, research in the Gartner Risk & Audit Practice. “This reflects both the rapid growth of public awareness and usage of generative AI tools, as well as the breadth of potential use cases, and therefore potential risks, that these tools engender.”
Read moreManaging Data Security Risks of AI Technology
Managing Data Security Risks of AI Technology In recent months, artificial intelligence has generated widespread interest and conversation as tools like ChatGPT demonstrate a wide range of personal and professional applications. Perhaps equally important to this discussion, however, is an understanding of the risks posed by AI technology, including the significant data security threats that are already having unintended consequences for companies.
Read moreThe Future of ERM: Integrating AI, Automation, and Human Expertise
The Future of ERM: Integrating AI, Automation, and Human Expertise In an era characterized by rapid technological advancements and an increasingly complex business landscape, Enterprise Risk Management (ERM) is undergoing a profound transformation. The integration of Artificial Intelligence (AI), automation, and human expertise is shaping the future of ERM, offering organizations unprecedented capabilities in identifying, assessing, and mitigating risks.
Read moreHow AI is Revolutionizing Cybersecurity Risk Assessment for Businesses
How AI is Revolutionizing Cybersecurity Risk Assessment for Businesses In the modern digital world, businesses encounter highly advanced cyber threats that can severely disrupt their operations, finances, and reputation. To stay ahead of cybercriminals and protect sensitive data, organizations are turning to Artificial Intelligence (AI) to revolutionize cybersecurity risk assessment. AI, with its ability to process vast amounts of data and identify patterns, is proving to be a game-changer in fortifying the defenses of businesses against cyberattacks.
Read moreA Poor Balance of Interests: The Crucial Role of Corporate Directors
A Poor Balance of Interests: The Crucial Role of Corporate Directors Written by Amani Tuntufye, Principal Officer of TAPEX Reinsurance Brokers Ltd, Tanzania. “Anybody can manage short. Anybody can manage long. Balancing those two things is what management is”. Jack Wetch, General Electric CEO. “ But light and darkness cannot harmonize. Between truth and error there is an irrepressible conflict. To uphold and defend the one is to attack and overthrow the other”. Ellen G. White.
Read more6 Tips for Improving Network Security
6 Tips for Improving Network Security In recent years, the rising cost of cyber insurance premiums has become a major concern for enterprises of all sizes. This rate environment has been driven, in part, by the drastic increase in cyberattack claims globally. In fact, S&P Global analysts recorded a staggering 232% increase in ransomware claims from 2019 to 2021. Due to the interconnected nature of cyberattacks, cyber insurers are even reevaluating what gets covered—such as social engineering campaigns or state-sponsored attacks—to ensure that they can sustain systemic risks.
Read moreKey Cybersecurity Threats To Watch For
Key Cybersecurity Threats To Watch For Cybercrime has become more lucrative and is occurring more frequently than ever before. Owing to our growing dependence on technology, a ransomware attack now hits an organization every 11 seconds. Simply put, the more we adopt and use digital technology, the more opportunities there are for criminals to profit from emerging vulnerabilities. Despite growing awareness and increased spending by organizations to protect themselves and to build resilience in the event of a successful attack, specific cyberthreats will continue to proliferate.
Read moreEmbracing Disruption, Managing Risk: Strategies for Navigating Emerging Technology Landscape
Embracing Disruption, Managing Risk: Strategies for Navigating Emerging Technology Landscape In an era defined by rapid technological transformation, organizations are confronting an intricate disruption while managing the associated risks. The emerging technology landscape offers boundless opportunities, but with it comes a set of new challenges, from cybersecurity threats to regulatory hurdles. Navigating this evolving terrain requires a multifaceted strategy, one that integrates foresight, agility, and robust risk management protocols.
Read moreRisk, Resilience, and the Rise of Emerging Technologies: Preparing for the Future
Risk, Resilience, and the Rise of Emerging Technologies: Preparing for the Future In today’s rapidly changing business landscape, the link between risk management, resilience, and emerging technologies has never been more pronounced. The arrival of digital innovations, from AI-driven analytics to blockchain, brings with it both unprecedented opportunities and challenges. Organizations keen to stay competitive must not only adapt to these changes but anticipate potential disruptions and mitigate the risks they pose. As we delve into this matter, the importance of a robust Enterprise Risk Management (ERM) framework becomes evident.
Read moreCelebrating Excellence in Risk Management: ERMA Announces Winners of ASEAN Risk Awards 2023
Celebrating Excellence in Risk Management: ERMA Announces Winners of ASEAN Risk Awards 2023 SINGAPORE, July 7, 2023 — Enterprise Risk Management Academy (ERMA) has revealed the esteemed winners and runners-up of the ASEAN Risk Awards 2023. Following intense competition from hundreds of nominations, 16 organizations and two individuals from Southeast Asia have been selected for their exemplary achievements in seven award categories.
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