ESG Watch: Companies 'complacent about cybercrime', despite rise in risk from AI

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ESG Watch: Companies 'complacent about cybercrime', despite rise in risk from AI

The World Economic Forum's latest report highlights a surge in cyberattacks fueled by geopolitical tensions and complex supply chains. Sectors like healthcare, financial services, and energy utilities are particularly vulnerable, prompting investors to prioritize cybersecurity resilience. As AI-driven threats become more sophisticated, regulatory frameworks are evolving to address these challenges.

Despite the growing risks, many companies remain complacent about cybersecurity, with only a small percentage expressing concern over potential financial losses. The report emphasizes the need for a zero-trust security model to enhance defenses against cyber threats. As AI technologies advance, the attack surface expands, making it crucial for organizations to adopt proactive measures.

• Cybersecurity risks are escalating due to AI-driven threats and geopolitical tensions.

• Companies are adopting zero-trust models to enhance cybersecurity resilience.

Key AI Terms Mentioned in this Article

Zero-Trust Security

This approach is increasingly recognized as essential for protecting against sophisticated cyber threats.

Generative AI

Its rapid adoption poses new challenges for cybersecurity, as it can be exploited for phishing and deepfake attacks.

Cyber Resilience

The report stresses its importance as organizations face increasing cyber threats.

Companies Mentioned in this Article

BlackBerry

BlackBerry specializes in cybersecurity solutions and emphasizes the need for mature cyber controls in the face of generative AI threats.

Zscaler

Zscaler is a cloud security company advocating for zero-trust architecture to enhance cybersecurity defenses against evolving threats.

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