2024 Digital Risk Report: Opportunities and Challenges of the AI Frontier

In an era where digital threats are increasingly complex and pervasive, the need for more sophisticated digital risk strategies is undeniable. The good news is that most companies are heeding the call to this need. Up significantly from last year, two-thirds (65%) of security professionals and department leaders surveyed report being in advanced stages of digital risk management maturity, actively mitigating or continuously monitoring digital risk.

This substantial uptick indicates a positive trend towards proactive and advanced risk management practices necessary for staying ahead of digital threats. But how are organisations handling the execution and management of digital risk initiatives? How are their teams using AI? What should enterprises prioritise now and in the years ahead?

To help answer these questions and others, AuditBoard, in partnership with Ascend2 Research, surveyed 400+ professionals involved in their organisation’s cybersecurity and digital risk management. The 2024 Digital Risk Survey reveals a transformative shift in how organisations manage and mitigate digital risks. This report provides a comprehensive analysis of current practices, highlighting significant advancements and offering recommendations to further enhance digital risk management strategies.

Emphasising the need for an integrated risk management framework and technology, the report showcases how the interconnectivity of technology assets and business processes drives strategic goals. Utilise the insights from your copy of the report to guide your efforts in promoting digital risk management initiatives, navigating the complexities of digital risk, and building more resilient risk management frameworks.

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