Tag: cyber risk management
8 articles
Large Firms Expose Themselves to Cyber Risk by Leaving Vulnerabilities Unpatched
Large companies are leaving themselves exposed to cyber risk by neglecting to patch high or critical vulnerabilities, with 66% of security leaders at firms with over $1bn in revenue admitting to doing so at least sometimes. This stark contrast with smaller firms highlights a troubling trend in cyber risk management.
Cyber Risk Shifts Inside the Workflow
As AI tools become increasingly embedded in workflows, a growing number of organizations are struggling to balance innovation with security, with 78% of CISOs now recognizing GenAI as a security risk and restricting employee use. But blocking access alone isn't enough - effective governance is crucial to ensure AI systems are used safely and responsibly.
Most S&P 500 Firms Neglect AI Cyber Risk Disclosures
Despite 97% of S&P 500 companies mentioning AI in their annual reports, a staggering gap exists: only 16% actually document a specific process for managing AI-related cyber risks. This revelation raises crucial questions about corporate transparency and preparedness in the face of emerging threats.
Cyberattacks Expose Gaps in Organizational Readiness
Most organizations are unprepared to tackle a major cyberattack, with a staggering 73% admitting they'd struggle to respond effectively if one hit tomorrow. The real challenge lies not in having the right tools and plans, but in getting them to work seamlessly together under pressure.
CISOs Warn of Executive Disconnect on Cybersecurity Risks
A whopping 78% of CISOs believe their board-level decision makers are in the dark about employee-driven cyber risks, leaving companies vulnerable to attacks. The disconnect is alarming, especially as AI-powered scams and social engineering attacks become increasingly sophisticated.
AI Models Exacerbate Cybersecurity Skill Gap
The rapid evolution of AI is supercharging cyber threats, making it crucial to update our defenses ASAP - what worked yesterday may not cut it tomorrow. To stay ahead, experts recommend leveraging AI to bolster security and detect vulnerabilities faster than ever before.
Healthcare Sector Tackles Third-Party AI Security Gaps with New Guidance
The healthcare sector is taking a major step towards securing its AI-powered tools with new guidance from the Health Sector Coordinating Council (HSCC) that helps tackle the growing threat of third-party AI security gaps. This playbook is a timely response to the explosion of AI-related cyber risks from vendors, and aims to safeguard the industry's increasing reliance on externally developed artificial intelligence.
Banks Charge Premium for Lax Cybersecurity
Lax cybersecurity can cost your business dearly - in fact, academic studies show that firms with weak security postures may pay up to ten extra basis points on loans, translating into hundreds of thousands of dollars in additional borrowing costs. That's a hefty premium for failing to prioritize cybersecurity.