According to a recent report from Gartner, Artificial intelligence (AI)-driven malicious attacks were the top emerging cyber-security risk for enterprises in the third quarter of 2024. IT vendor criticality and an unsettled regulatory and legal environment are new top emerging enterprise risks.
Global events, such as the July CrowdStrike outage, have raised questions about whether organisations over-rely on their largest IT vendors. Because third parties, like SaaS vendors, rely on other vendors, organisations may not realise the full extent of their exposure, as per the report.
According to the report, misaligned organisational talent profile moved down from the fourth-place ranking in the second quarter to the fifth most cited risk in the third quarter. If organisational leaders can generate specific, cost-effective actions that can meaningfully address risks over the duration of a risk event, these are ones that both have a high likelihood of mitigating risk as well as generating executive support. By going beyond specific risks events to assessing organisational capacity to manage disruption, leaders can both reduce their organisations' exposure to identified risks as well as enhance resilience to unforeseen events.
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