AXIS Capital released research on how AI is transforming the risk landscape for CEOs and CISOs. AI offers benefits like data analytics, but also poses new risks like advanced cyber attacks. The survey of 500 executives shows differing views on AI between U.S. and U.K. leaders, with U.S. CEOs more optimistic about AI’s impact on cybersecurity.

AI-driven attacks are seen as the top emerging threat by U.S. and U.K. organizations. Most respondents plan to increase cybersecurity budgets, but some may reduce headcount due to AI cybersecurity tools’ productivity gains. U.S. leaders are more confident in AI improving cybersecurity defenses compared to U.K. leaders.

CEOs and CISOs have different perspectives on AI and cyber defense. While CEOs view AI as a driver of productivity, CISOs see it as a source of increased exposure. U.S. CEOs are more confident than U.K. CEOs in AI’s ability to enhance safeguards, with notable differences in risk perception and insurance coverage between the two regions.

The survey shows a trust gap between CEO optimism and CISO prudence regarding AI’s impact on corporate defense strategies. CEOs champion AI for innovation, while CISOs see it as a new frontier of exposure. The findings highlight the need for alignment between strategic optimism and security prudence in navigating AI risks.

Read more at GlobeNewswire: AI Driving New Cyber Risk Landscape: AXIS Survey Compares