AI is changing the landscape of cybersecurity, and businesses need to be proactive in addressing this evolving threat. As threat actors increasingly turn to artificial intelligence (AI) to enhance their tactics, corporate boardrooms must prioritize cybersecurity as a critical component of their growth strategy.
During a panel discussion at Istari Global’s Charter Asia-Pacific Cyber Congress in Singapore, Clifford Capital chairman Sanjiv Misra emphasized the need for better coordination and urgency in addressing cybersecurity issues. He stressed that without cybersecurity, a board’s ability to grow the business will be severely compromised. Fellow panelist Ensign InfoSecurity chairman Lee Fook Sun echoed this sentiment, highlighting the interconnectedness of physical and cyber realms and the impact of real-world developments on online environments.
Lee emphasized the importance of understanding cyber threats, including their sources and implications for business risks. He suggested that boards leverage threat intelligence provided by security vendors to gain insights into emerging threats and attackers. While acknowledging increased awareness of cyber risks among boardrooms, Lee noted a lack of cohesion between boards and the rest of the organization. He urged boards to engage in open discussions with their Chief Information Officer (CIO) and Chief Information Security Officer (CISO) to assess the effectiveness of their cybersecurity measures.
Recognizing that boards often have competing priorities, Lee proposed the delegation of cyber risk management to a sub-committee, allowing for a focused assessment of the company’s cybersecurity strategy and implementation.
As the threat landscape continues to evolve with the integration of AI, businesses must embrace proactive measures to safeguard their digital assets and operations. The incorporation of cybersecurity into boardroom discussions and strategic planning is essential in mitigating the risks posed by AI-driven threat actors.
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