MIT research reveals that companies on average are overlooking nearly two-thirds of the risk subdomains categorised in the newly released AI Risk Repository.
As businesses increasingly use generative
AI, CFOs need to consider risks that include
data security, financial, intellectual property,
reputational, and more.
Nine in ten senior tech decision-makers don’t understand how generative AI will affect their business, a new report found, sparking implementation and compliance concerns.
Organisations are concerned about AI’s impact on the threat landscape, but less than half are conducting regular audits to secure their defences, driving a cycle of burnout among employees.
BDO’s Global Risk Landscape 2024 found that 84% of executives feel that the global risk landscape is more defined by crisis now than at any time in recent history.
AI chatbot ChatGPT can be a useful tool, and by understanding how it
works — and its flaws and limits — you can develop a reputation with
AI that will enhance your career.
Employers can address internal fraud risk by understanding the fraud triangle — three factors that when present increase the likelihood that fraud occurs.
Also, the UKEB seeks UK stakeholders’ views on a recent exposure draft from the IASB, and the EU’s new “due diligence” rules address firms’ impacts on human rights and the environment.
Overconfidence, a resistance to talking about risk, and a dislike of the word “no” are some reasons that businesses fail to invest in risk management leadership.
The digital age has opened up opportunities for accounting and finance professionals, but it also exposes organisations to risks, including the danger of cybersecurity breaches.
Learn how an updated cybersecurity tool can help companies of all sizes address the ever-present risk of cyberattacks in this podcast episode with transcript.
