IT leaders were surveyed on incoming security risks within the next one to three years. Nearly 75% of respondents consider cybersecurity to be a high-risk area over the next 12 months. To address this risk, leaders and executives need to put mitigation plans into place.
Twenty-eight percent of respondents indicate the use of artificial intelligence (AI) and machine learning (ML) as posing significant threats over the next 12 months. However, while AI may not be perceived as an immediate threat, it is rising rapidly on the risk horizon. Specifically, 54% of survey participants believe advanced AI systems, including generative AI, present substantial risks in the coming two to three years.
Other areas that the audit function identifies as significant threats over the next twelve months include third parties/vendors (60%), data privacy and compliance (58%) and transformations and system implementations (55%).
Read the full report here.