Cybersecurity Consultancy A survey by Cyxcel revealed that 29% of the UK companies surveyed recently implemented their first AI risk strategy. 31% do not have an AI governance policy. IS is despite a third of companies that recognize AI as a potential cybersecurity threat. The blind spots in preparing AI risks put businesses prey on data leaks and breaches, operational disruptions and regulatory fines, the company says.
Of those surveyed, 18% of UK and US organizations are not prepared for AI data addiction. This is a form of cyberattack that targets training data for AI and machine learning models. Furthermore, 16% have no policies to combat the Cloning and Deepfark incidents.
Megha Kumar, Cyxcel’s product director and Cyxcel’s geopolitical risk director, said there is a Catch 22 situation. There, businesses want to adopt AI solutions, but are also worried about the risks. “Organisations want to use AI, but they are worried about the risks, especially since many people don’t have a policy and governance process in place.”
He said Cyxcel’s Digital Risk Management (DRM) platform will help respond to threat attachments. “Cyxcel DRM provides clients with limited technical resources in all sectors, especially in the home, providing robust tools to proactively manage digital risks and use AI confidently and safely.”
The Cyxcel DRM platform is designed to provide businesses with insight into the increasing risk of AI. Combine cyber, legal, technology and strategic expertise to manage threats and increase digital resilience. The company says the DRM platform will also help implement governance and policies that mitigate potential risks.
The DRM platform provides strategies for AI, cyber, supply chain, geopolitics, regulation, technology (OT/IT), and corporate responsibility. This is available through a dashboard where users can manage digital risk using solutions provided by the platform.
Legal and technical insights arise from expertise coded in the platform, allowing users to see trends, potential impacts of risks, and emerging threats. It advises possible strategies to combat risk and vulnerability.
DRM also offers a “full-spectrum dispute resolution and litigation service” that aims to reduce the time required for organizations to comply with regulations and laws related to various digital threats. For businesses with strict regulations, Cyxcel’s DRM covers 26 sectors that are legally required to comply with regulations such as the EU’s NIS2 and Dora (Digital Operations Resilience Act). These sectors are considered important infrastructures, each classified as key national infrastructure (CNI) in regions such as the US, UK and the EU.
Cyxcel CEO Edward Lewis spoke about the evolving and complex landscape of cybersecurity regulations. “Governments around the world are increasing the protection of critical infrastructure and sensitive data through laws like the EU’s Cyber Resilience Act, which mandates security measures such as automatic updates and incident reporting. Similarly, they will introduce mandatory ransomware reporting and strong regulatory capabilities as they are likely to arrive in the UK next year.”
Companies around the world are at the mercy of digital violations and attacks, including their own admission cyxcel itself. Commercially, legally and strategically, Cyxcel’s DRM platform is designed to tackle risky issues.
Cyxcel clients are usually bound by strict cybersecurity laws. This can result in fines or reputational damage if it breaks. Similarly, if Cyxcel advice fades, the company itself could be on the hook due to failures and violations of compliance.
The company struggles to highlight its faced the same digital risks it faces as its clients. Cyxcel marketing materials state that the company’s commitment to risk is “personal” rather than advisory.
(Images by Anarchosyn “Risk-MSK” are licensed under CC BY-SA 2.0))
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