"Generative AI is taking off at lightning speed and ushering in a new wave of business risks. Our research shows that most companies have been slow to respond, which creates vulnerabilities across the enterprise," Jim Wetekamp, CEO of Riskonnect, said in a release. Credit: Pakorn/Adobe Stock
Nearly every company recognizes potential risks surrounding the use of generative AI, yet only 9% feel prepared to manage them. Further, just 17% of risk and compliance leaders have formally trained or briefed their organization on the risks associated with generative AI, according to a Riskonnect survey of risk and compliance professionals.
Data privacy and cyber are the areas that cause the most worry around generative AI use. Some 65% of survey respondents said it was their top concern. Around 60% of respondents said they are concerned about employees making decisions based on bad information, while 55% are vexed by the possibility of employees misusing generative AI. Threats to copyright and intellectual property as well as discrimination risks were also cited among the top five concerns around generative AI.
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Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
