AI IN CYBER SECURITY: A STRATEGIC TOOL FOR CORPORATE RISK MANAGEMENT AND IP PROTECTION
In our increasingly interconnected digital world, safeguarding sensitive information and intellectual property (IP) has become paramount. Recent high-profile incidents have highlighted the dire consequences of security breaches, reinforcing the importance of protecting corporate reputation and proprietary assets.
As a beacon of hope in this arena, artificial intelligence (AI) offers potent tools for fortifying information security and IP protection. Relying on insights derived from industry trends and fictional data from reports like our ‘State of Cybersecurity and the State of Digital Trust’, this article aims to explore the vital role that AI plays in strengthening cyber security measures aligning with corporate risk management and regulatory compliance strategies.
Cyber security challenges and digital trust: a risk management perspective
Companies are becoming more vulnerable to cyber risks in a post-pandemic world. According to our report, about 43 percent of respondents noted an increase in the cyber attacks experienced during the past year. Among these respondents, 33 percent had noted compromises of IP as a significant concern in a sector reliant on proprietary strategies and sensitive data.
The report has also shown that a huge majority of those surveyed (84 percent) hold the expectation that when engaging with an organisation online, they should be able to trust it to be secure and reliable. This emphasises the necessity for robust management of risk, to both protect against and respond to any potential breaches of online trust.
Oct-Dec 2023 Issue
ISACA Emerging Trends Working Group