During a speech entitled ‘The art of bending without breaking – banking on operational resilience’ Frank Elderson, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, has set out the European Central Bank’s current view on operational resilience regulation.
According to the latest Airmic Big Question poll, which looked at organizational ownership of AI risk, equal numbers of respondents said the CEO or the CISO is the primary owner. This points to some lack of clarity as to whether AI risk is a business or a technology governance area.
Lack of challenge to risk management and compliance decisions is a risk in its own right, with teams failing to challenge bad decisions if the setting it not conducive to this.
The Institute of Directors New Zealand has released a new resource to help boards understand AI. The guide aims to help directors develop and improve governance and risk management of this area.
According to a new report from Accenture, ‘Change Reinvented: A New Blueprint for Continuous, Meaningful, Successful Change’, the vast majority of global organizations (96%) are planning to invest more than 5% of their total revenues in change initiatives over the next three years.
New research has found that 78% of chief internal auditors believe AI will negatively impact cyber security and data security, while 58% say it will exacerbate fraud.
The Australian Institute of Company Directors (AICD) has partnered with the Human Technology Institute (HTI) at University of Technology Sydney, to produce new resources to help directors and boards navigate the era of artificial intelligence (AI).
In a recent AND Digital study, 62 percent of business leaders said moving too slowly poses a greater risk than moving swiftly when it comes to tech innovation, claiming that they are willing to sidestep security and ethical concerns to keep up.
A new study by the IBM Institute for Business Value has found that surveyed CEOs are facing workforce, culture, and governance challenges as they act quickly to implement and scale generative AI across their organizations.
The need to drive closer engagement between security teams and the C-suite is becoming more important as the rise of AI exposes organizations to added risk.