The Rising Threat of Deepfake Attacks In 2024, Arup, a global engineering consulting firm, fell victim to an elaborate deepfake scam. A finance employee participated in what appeared to be a legitimate video conference with the company’s CFO and other senior leaders. Unbeknownst to them, every participant—except the employee—was a deepfake, generated by cybercriminals using…
Article written by Dani Andrews As the need for more comprehensive and detailed risk management plans for more complex crises continues to grow, technology like artificial intelligence (AI) and robotics will play a key role in ensuring efficiency, accuracy, and speed in strategizing. AI and robotics work differently; the former excels in processing data and…
As we ride the digital wave into the future, artificial intelligence (AI) rapidly transforms various aspects of business operations, including risk management. AI can aid in creating risk-related scenarios, but it’s essential to understand its potential and limitations. Harnessing AI for Risk Scenario Planning AI can augment the risk management process by automating the creation…