ai-risk
The AI Risks Every Executive Leader Should be Managing
August 19, 2024
Artificial Intelligence (AI) is being strategically integrated into many organizations with the promise of numerous benefits and opportunities. However, it is crucial to recognize and address the potential risks associated with leveraging any technology, including AI. The list below highlights various AI risks leadership should be managing.
This summary of AI risks was written by a valued member of the DeepSeas Cyber Threat Intel crew.
Security Risks within AI Solutions
AI systems are not immune to security vulnerabilities and can be targeted by malicious actors. Adversarial attacks, during which inputs are manipulated to mislead AI systems, can lead to incorrect decisions. Additionally, AI systems may require access to large amounts of personal data, raising concerns about privacy and unauthorized access to sensitive information.
AI Solutions Producing Unreliable Outcomes
AI systems heavily rely on high-quality and relevant data. Poor data quality can result in inaccurate models and unreliable outcomes. Organizations must ensure the availability of reliable data sources and implement data quality control measures to mitigate this risk.
Questionable Return on Investment
Developing and maintaining AI systems can be expensive, requiring substantial technology, talent, and infrastructure investments. Organizations must carefully assess the cost-benefit analysis of AI implementation and consider long-term benefits and sustainability.
Schedule Time with a AI Security Expert
Regulatory and Compliance Risks
As AI technology evolves, regulatory frameworks and compliance requirements also evolve. Organizations must ensure their AI systems adhere to appropriate laws and standards to avoid legal consequences and reputational damage. Non-compliance with data privacy and ethical rules can have serious implications.
Strategic Organizational Risks
Misalignment of AI activities with organizational goals, over reliance on AI without human oversight, and potential disruption of existing business models pose strategic risks. Organizations must carefully align AI initiatives with their overall strategic objectives and ensure a balance between automation and human decision-making.
Cyber AI Risks
Threat actors are already attempting data poisoning on AI and LLM models with the aim of using AI to distribute malicious code. Additionally, there is the risk of data leakage from employees inputting sensitive corporate data into AI models that are public.
We invite you to schedule time with members of our DeepSeas crew who can guide your organization’s safe utilization of technology and minimize AI risks.