Organisations need to rethink traditional risk-management approaches as artificial intelligence, cybersecurity and operational risks increasingly converge, according to a new report from Wipfli. The convergence means that a technology-related disruption may no longer remain isolated within the information-technology function. AI-generated errors, cyber incidents, third-party vulnerabilities and operational failures can interact and create wider financial, regulatory and reputational consequences for organisations.
The development points to the need for a more integrated enterprise risk-management approach. Organisations should assess AI-related risks alongside cybersecurity, business continuity, third-party risk and operational resilience rather than managing them in separate silos. For boards and senior management, priorities include clearer accountability, stronger risk monitoring, scenario testing and controls that can adapt as technology changes. The emerging risk landscape suggests that resilience increasingly depends on understanding the connections between technology risk and broader business risk.
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