AI not even top 20 business risk in surprising new survey

- Despite the potential risks of AI, a survey of 2,800 managers and executives ranked AI as the 49th biggest threat for businesses, not even making the top 20.

- The top concern for business leaders remains cyberattacks and data breaches.

- AI is seen as a future risk, with business leaders expecting AI to be the 17th biggest risk in the future.

- Cyberattacks are becoming faster, with the average time to carry out an interactive intrusion dropping to 62 minutes in 2023 from 84 minutes in 2022.

- Generative AI, which can write code or create realistic images, text, and video, is predicted to make cybercriminals' work easier, helping them develop hacking tools and more realistic materials for social engineering attacks.

Citations

1."Cyberattacks are the No. 1 worry for business leaders—and AI may be able to help | Fortune" | fortune.com

April 8, 2024| fortune.com

2."AI was not even in the top 20 business risks in a ‘shocking’ survey of nearly 3,000 corporate leaders" | Fortune

November 12, 2023| Fortune

3."16 Cybersecurity leaders predict how gen AI will improve cybersecurity in 2024" | VentureBeat

December 27, 2023| VentureBeat

4."Cyber Criminals Are Getting Faster--and Generative AI Could Make Their Work Easier" | Inc

February 23, 2024| Inc