Published on October 11, 2023, 7:45 pm
Generative AI (GenAI) is bringing significant benefits to enterprises in terms of their ability to respond to and defend against cyber threats. However, it’s important to note that AI itself can introduce new risks if not adequately secured. To address this concern, IBM’s Institute for Business Value has released “The CEO’s guide to generative AI: Cybersecurity,” which offers guidance for senior leaders considering the adoption of GenAI models and tools. The report highlights key considerations regarding the cybersecurity advantages that GenAI can offer as well as the potential risks it may pose.
One important finding from the report is that while executives recognize the importance of securing AI solutions before deployment (94% of surveyed executives), 69% prioritize innovation over security when it comes to GenAI. Despite this prioritization, organizations are still investing heavily in AI security. It is expected that by 2025, AI security budgets will be 116% greater than in 2021, with 84% of respondents planning to prioritize GenAI security solutions over traditional ones.
Interestingly, instead of viewing GenAI as a threat to job security, more than 90% of surveyed executives believe that their security workforce will be augmented or elevated through the use of this technology. In other words, rather than replacing human workers, GenAI is seen as a force multiplier that enables them to focus on higher-value tasks.
The report also underlines the potential productivity gains offered by GenAI-driven solutions. For example, AI maturity allows security analysts to do more with less through intelligent assistants and faster detection and response tools. Moreover, survey respondents agree that their workforce is the area that would benefit most from GenAI in terms of security capabilities. More than half of them believe that adopting generative AI will have a positive impact on their ability to develop and retrain security talent.
Another benefit mentioned by executives is improved digital trust. Over half of the surveyed respondents believe that GenAI will help establish easier user access management, permissions, and entitlement across their organizations. Furthermore, nearly half of the executives expect that GenAI will enhance their organization’s ability to detect and respond to cyber threats.
While the report shows that executives have concerns about security risks associated with GenAI adoption, they are eager to capitalize on its benefits. Many believe that incorporating security considerations into innovation efforts might slow down their business models, affecting their competitive edge. However, they also acknowledge the potential risk exposure resulting from insufficiently secured AI operations. Specifically, 47% of respondents express concern about new types of attacks targeting their applications, AI models, data, or services as a result of GenAI adoption.
In conclusion, businesses are embracing GenAI technology to gain a competitive advantage and drive innovation. Despite concerns about security risks, organizations are investing heavily in AI security solutions. By understanding the importance of secure AI operations and leveraging available tools and strategies, businesses can establish secure AI business models while reaping the benefits that GenAI has to offer.
To learn more about “The CEO’s guide to generative AI: Cybersecurity,” click [here](https://www.ibm.com/thought-leadership/institute-business-value/en-us/report/ceo-generative-ai/cybersecurity). For information on how IBM can help accelerate secure AI adoption in businesses, visit [here](https://www.ibm.com/blog/how-to-establish-secure-ai-business-models/). Additionally, find out how IBM is leveraging AI across its security portfolio [here](https://www.ibm.com/security/artificial-intelligence).
*[Source: Security Intelligence](https://securityintelligence.com/posts/c-suite-weighs-generative-ai-security/)*