"Generative AI is taking off at lightning speed and ushering in a new wave of business risks. Our research shows that most companies have been slow to respond, which creates vulnerabilities across the enterprise," Jim Wetekamp, CEO of Riskonnect, said in a release. Credit: Pakorn/Adobe Stock

Nearly every company recognizes potential risks surrounding the use of generative AI, yet only 9% feel prepared to manage them. Further, just 17% of risk and compliance leaders have formally trained or briefed their organization on the risks associated with generative AI, according to a Riskonnect survey of risk and compliance professionals.

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Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]